The Dollar is Breaking Down Against the Yen, too

Time to watch USD vs YEN, as it starts to break down from its Aug-Oct sideways (Bear Flag) congestion zone, towards a test of the Aug low at 116.15, which will complete a year-long top formation, and leave USD/YEN in a particularly-precarious technical position.

I remain long CurrencyShares Japanese Yen ETF (FXY) at 81.00 from Sept 1 (last is 81.70/75).


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