with Oli | Strategies


YEN attacks …

As Carlyle collapses, the former BoJ prediction is fulfilled (100 against the Dollar), hurting markets on further unwind of carry trades.

Here the monthly chart of the Yen/Dollar

Japanese Yen - Monthly chart

Copyright by Tradestation

Yen tries at the moment to break out of a triangle like longterm formation.

First price target is around the 95 Yen/Dollar.

Sounds like the Yen is not anymore a desired currency for the carry trade? :D

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