I was on the Business News Network earlier this afternoon talking about the outlook for the US Dollar, Japanese Yen and Canadian dollar

Posted in 2011 cad forecast, Canadian Dollar, Japanese Yen, forex blog No Comments »

Over the past 6 weeks, USD/JPY has had a tremendous run. On Feb 1, it was trading at 76 and today, it rose above 83.50. This 7.5 yen move impressed everyone, particularly given the lack of meaningful correction. But the burning question in everyone’s minds is how much further can USD/JPY rise. A [...]

Posted in Japanese Yen, forex blog, usd/jpy, usdjpy ichimoku cloud 1 Comment »

Last week, I was all over the weekly cloud cover break in USD/JPY (see chart one), talking about how important it is and why further gains are likely. It is a new month now and we have another important technical break on the monthly chart (see chart 2). USD/JPY closed above its 20-month SMA. [...]

Posted in Forex News, Japanese Yen, usd/jpy No Comments »

USD/JPY has been on a tear lately but this could be the beginning of an even stronger rally. I don’t use Ichimoku charts at all but this pattern is so significant that I have to mention it. The first chart shows that we are at the cusp of a weekly close above the Ichimoku [...]

Posted in Japanese Yen, usdjpy ichimoku cloud 8 Comments »

USD/JPY has been on a tear since the beginning of the month in large part due to rising U.S. yields. Based on the following chart, the slope of the recent rally in USD/JPY is much steeper than the slope of the 2 year U.S. Treasury yield which suggests that either the run in [...]

Posted in 2010 japanese yen forecast, Japanese Yen, usd/jpy 2 Comments »