Monday, March 8, 2010

Japense Yen

As the media debates various agendas, the markets resolve their own. No one, individual or group, is bigger than the market. Follow it, or get out of the way.

The Bank of Japan (BOJ) may be talking down the Yen, but the tape has yet to support it. That which cannot go down with force will reverse and attempt to go up with force. Looks as if two of the "three taps and out" have been booked.

Japanese Yen ETF (FXY)

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