We discussed the prospect for a low on the Japanese Yen currency several weeks ago.
Here is the link to that article. And you can see the original chart below.
“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
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