Nikkei will no longer rise in dollar terms. On the above chart we can see a very significant resistance from a slowly falling channel started in mid nineties.
So the question for Nikkei/JPY and Yen itself is whether Japanese central bank will go Venezuelan (or Zimbabwen) or will they halt its poisonous experiment. I bet on the second - in my opinion we can expect the sudden and very violent rise of Yen.
So the question for Nikkei/JPY and Yen itself is whether Japanese central bank will go Venezuelan (or Zimbabwen) or will they halt its poisonous experiment. I bet on the second - in my opinion we can expect the sudden and very violent rise of Yen.
