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Has the YEN Topped vs USD & EURO?


p>For the YEN to really weaken, it must depreciate against both the USD and the EURO.

In terms of the enclosed daily charts, both indices, USD/YEN and EUR/YEN, must continue to head due North.

Right now, both USD/YEN (top chart) and EUR/YEN are in the latter stages of completing huge, potentially very powerful base formations that will provide a combustible advance against the YEN.

In other words, if the enclosed chart patterns continue to climb, YEN will weaken and then shift into a major bear market thereafter.

The enclosed patterns argue for such a scenario.

What catalysts and reasons will emerge to justify the technical case is anyone's guess, but they are out there heading in our direction.

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