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95 Problems and the Yen IS One

That pesky U.S. Dollar/Japanese Yen currency cross is still trying to recapture the 95 level before it can even think about the key 97 one. ¬†And then, of course, would come everyone’s favorite 100 big round number. The reason why we continue to monitor this cross is due to how closely it has tracked equities over the past few quarters.

As I write this, both the Nikkei session and U.S. futures are higher.

On the updated 30-minute chart for the Dollar/Yen, you can see a double-bottom attempt is being made. To my eye, a move up through 96.80 is needed to confirm it.



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