Dollar/yen shaken this week! On a monthly basis, the strong selling signal lights up for the first time since the Lehman Brothers collapse!
"The Negotiations on the US-JJapan Trade Agreement Begin at a Point Noticed"
From the start of the week, negotiations on the US-Japan trade agreement that are likely to weigh on the dollar/yen will take place.
Treasury Secretary Mnuchin said that in trade agreement talks, “the exchange rate will also be on the agenda, and the agreement will include
a currency-devaluation restraint provision,”
and it is extremely unusual to insert provisions regarding currency issues into the legally binding text of a trade agreement, so all eyes are on whether the dollar/yen can continue to rise ignoring this!
Technically, it has risen to an overbought mid-term level,
and although a sharp rise is unlikely, a sharp decline is quite possible,
so from this week through around Golden Week, it would be prudent to anticipate large fluctuations.
★ Signaling the year-end dollar/yen plunge in the market!
Dollar/Yen rises to the 111 level!
— Kawaseri Gui (@kawaserigui)February 14, 2019
But, in the overheated state, it is very dangerous!
The indicator that signaled selling in the year-end and New Year market...#Indicator #DollarYen pic.twitter.com/4KTIkRlULr
Ask Ultimate MAX, a long-term strong indicator, shows a sell signal on the monthly chart
for the first time since the Lehman shock!
As an indicator that warned early of the 2015 pound-yen drop from the 190 range,
it is the indicator to watch for the dollar/yen in April and May!
■ 2015 pound-yen chart is here
■ 2015 euro-dollar historical low range rebound was spot on!
There is also a peak rise signal!
