Yen. Image Source: Pixabay

The Japanese Yen currency has been in a strong selloff for the past 12+ years.

Today, we ask: Could the Yen finally be bottoming?

As you can see on the long-term “monthly” chart of the Japanese Yen below, the currency needs some bulls.

The latest selloff has the Yen testing its 30-year lows. However, the current formation is a bullish falling wedge that gains support from a bullish rising RSI divergence.

The most important thing to note is that a breakout at (1) would be short-term bullish…

with implications that could spread to the longer term.

(Click on image to enlarge)

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