Japanese Yen Cycle Review
A regular cycle low has formed on the very important carry trade yen.
Chart 1 - Regular cycle YEN low. As we know the Japanese investors are large investors in US debt, so lets review the US 10 yr cycle.
Chart 2 - In line with a cycle high in the US 10 year interest rate.
Chart 3 - A pullback in the US 10 year, is likely, so says the copper gold ratio, which will see a rebound in the YEN off the cycle lows.
Chart 4 - Channel support lines are strong for the yen.
Chart 5 - Sync with a shortage in US dollar funding. Going into US election year, more dollars will be printed you can assume, suggesting US dollar weakness and relief for the yen.
More By This Author:
Global M2 Effect On GoldCrude Oil Near $300 Plus
Bitcoin Time Map
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
