The Yen is in for a world of hurt
If you see here the Yen futures history from the perspective of the monthly chart, you can see a pretty clear cut H&S pattern, with a downside target of a 40% to the downside.
Basically, the jig is up for the Bank of Japan, their scheme is gonna fall apart. I think they hold like a trillion US dollars worth of US equities too so you can imagine them dumping all that shit to try to hold up their currency as it death spirals.
I don't know anything, but I know that I'm short yen.
Basically, the jig is up for the Bank of Japan, their scheme is gonna fall apart. I think they hold like a trillion US dollars worth of US equities too so you can imagine them dumping all that shit to try to hold up their currency as it death spirals.
I don't know anything, but I know that I'm short yen.
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