Yen and Indices’ Relationship
What is a safe haven? One of the first principles we learn in FX are market sentiments. The first thing we learn in market sentiments is about how the yen is known for being a safe-haven currency....
Tag: Yen
Have Yen Pairs Started the Next Leg Higher?
An overlay of Yen pairs below show that they clearly share the same cycle. The chart above shows that all Yen pairs made major low on March 18, 2020. From there, they all rally together. In the...
Yen Crosses Reaching Extremes. Are They Ready For A Bounce?
In this blog, we would take a look at some Yen crosses to gather the bigger picture and also get an idea of whether they are ready for a bounce or there would be more downside before...
Japanese Yen Outlook In 2019
In this updated article and video below, we will follow up our view on Japanese Yen outlook in 2019. We wrote an article in late December last year titled “Will Yen Continue to Outperform in 2019?” In...
Will Yen Continue to Outperform in 2019?
Care to guess what is the best performing major currency in 2018? Chances are you will say that it’s the US Dollar. Although US Dollar is doing pretty well this year, the best performing currency is in...
Nikkei How Far Elliott Wave Correction Can Take Place?
Nikkei short-term Elliott Wave view suggests that the index is correcting the cycle from 3/23/2018 low (20190) in 3, 7 or 11 swings. Rally to 23005 high ended Minor wave X of a possible double correction lower. Down from there, Minor...
USDJPY Support Around The Corner?
USDJPY short-term Elliott wave view suggests that the rally to 110.91 high ended Minor wave 1 & also the cycle from 5/29 low. The internals of that rally higher unfolded as Elliott wave leading diagonalwhere Minute wave ((i)) ended at...
USDJPY Elliott Wave view: Calling For Bounces To Fail Ahead of NFP?
USDJPY Short-term Elliott Wave view suggests that the rally to 111.40 on May 21 ended intermediate wave (A) as a Diagonal structure coming from March 26 low (104.52) cycle. Pair is currently correcting cycle from 3/26 low within Intermediate wave (B)....
Nikkei Elliott Wave Analysis: Pullback Remains In Progress
Nikkei short-term Elliott wave view suggests that the rally to 23060 on May 20 high ended Intermediate wave (1) as an impulse. Down from there, the index is pulling back in Intermediate wave (2) pullback to correct cycle from March...
CADJPY Elliott Wave View: Calling Strength Higher
CADJPY Short Term Elliott Wave view suggests that the decline from 4/13 peak at 85.76 to 83.87 low ended Intermediate wave (2) as a double three Elliott Wave structure. The internal subdivision of the decline from 85.76 high...