Thoughts on the Yen Trade

Thoughts on the Yen Trade

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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.