Yen. Image Source: Pixabay

We discussed the prospect for a low on the Japanese Yen currency several weeks ago.

Here is the link to that article. You can see the original chart below.

(Click on image to enlarge)

“The facts, Ma’am. Just the facts.” – Joe Friday

The Japanese Yen did rally off important price support and many assets worldwide got a little goofy… the VIX Volatility Index blasted off while the Nikkei dropped more than 20% in a day.

BUT… at mid-month, the Yen has created a monster bearish reversal pattern after testing important price resistance.

Just the facts: Where the Yen ends the month = BIG DEAL! Stay tuned!!

Japanese Yen “monthly” Currency Chart

(Click on image to enlarge)

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