Something’s Gotta Give in Currency Land $USDJPY

I will admit again. I have been early. I am not changing my views. If USDJPY holds 114.50 for longer than a day AND GOLD AND SILVER goes to new lows then I will be wrong and have to reassess.

 

 

Just because BOJ and Chasers have popped USDJPY through 115 (right) and ran stops up does not convince me one bit.

 

Look at Silver Below. The bouncing has already started. Look at Gold and how OVERSOLD it has been for days and not hit a new low. Things don’t go up and down in a straight line like everyone will have you believe. Chase what you want, you will get burned soon.


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