Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

The Dollar Continues to Build a Top vs YEN


Although the Dollar Index (DXY) is up today, the Dollar is down vs YEN.

The big-picture chart below shows the toppy pattern that developed in the USD vs YEN during the May-Aug timeframe, which has been followed by a spike down, and "bearish" consolidation period that appears to be nearing completion.

If that proves accurate, then USD/YEN should roll over hard into a nosedive that revisits the Aug 24 low at 116.13.

Only an upside reversal and climb above 121.10 will begin to neutralize my current outlook.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!