Dollar/Yen just broke out of a long ascending wedge on the weekly. I think this macro instrument is one of the most misunderstood ones around — people just don’t seem to get it. These are my 2 minute thoughts to self.
Also find below the weekly chart of the USD/JPY.
Sincerely,
Philo
P.S. Five points on the Yen trade in a tweet from last month.
Thoughts on the Yen Trade