Yen makes a break for it , further weakness ? You can bet on it

How exciting the ¥ has broken the illusive 100 mark ! First time in 4 years , so what you think ? This is huge , Abenomics is working .

The yen is ready to weaken even further versus the $ looking at my trading patterns . Next key point is 101.69 then 103.32. We are looking know at 104 as the next key figure to break a pattern called a triangle pattern .

I still see the Yen 105/110 at the end of the year

Fibonacci retracement is named after a 12th century Italian mathematician and based on the theory that prices rise or fall by predictable amounts after reaching a high or low. In this and other forms of technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a currency, security or index. Support refers to the lower boundary of a trading range, where buy orders may be clustered.

The Bank of Japan increased monthly bond purchases on April 4 to exceed 7 trillion yen ($696 billion) at BOJ Governor Haruhiko Kuroda’s first policy meeting in charge, exceeding the 5.2 trillion yen forecast by economists! This was a game changer ! The bonds is equal to Turkey GDP!

This is Yen wreaking and $ strengthening , things are looking very positive .

Lets lock and load

Tony Evans

In Millionaire capital of the world Tokyo .

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