The $/yen is likely to decline. There are three reasons for this projection. First, note that the last monthly close is a sell signal. The monthly cycle has already peaked as we can see in the second graph. The third graph depicts the monthly histogram of expected return. The next three months have been the weakest seasonally. The 125-126 level is a likely downside target.
$/Yen Monthly Cycle
$/Yen Monthly Histogram
This article was originally published by Forbes.com. Read the original article here.
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