The price has retraced look for breakout of flag before buy.
The Yen is going to begin a long term bearish trend, so watch for the correlation with other currencies , see my last idea about Usd/Jpy
Komen
Trader_Dale
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Hello mate. Why do you think yen will begin a strong bearish trend? Thanks for your analysis I think that if there is a breakout it could run pretty nicely!
Best of luck!
Dale
*You can have a look at some of my analysis at my profile if you would like. I publish them every day.
Mr-Iaco
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@Trader_Dale, After property bubble burst (1991), annual growth has averaged less than 1% amid periodic recessions. Prices began falling in the late 1990s. Many economists believed the Bank of Japan’s 2013 stimulus would be enough to jolt the nation out of its downward spiral of weak growth and falling prices.
Some economists contend the government should try even more fiscal stimulus and monetary easing. I argue the stimulus has already saddled Japan with so much debt, now 230% of gross domestic product,that it could end in an economic collapse.
This isn't sure to happen, but he respects my idea about the long term bearish trend of yen.
Best of luck!
Dale
*You can have a look at some of my analysis at my profile if you would like. I publish them every day.