this latest move is unsustainable. its parabolic against they yen. but understand that BOJ has not been issuing liquidity. it is one of the few countries that has. Japan has little room to maneuver. You should expect Yen strength, or what we are seeing is Japanese investors against dumping their savings and gold and running for leverage in carry trades and foreign markets.
We might be in a capitalization move this Monday. I won't know until just before US markets open. But I do see markets across the board, currency, bond and indexes hitting significant resistance this week. So the question is consolidation or intermediate top?
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