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Signs Of Outflows From Japan

Published 10/31/2014, 08:10 AM
Updated 07/09/2023, 06:31 AM

The Yen, technically speaking, is in trouble (chart 1). While the Yen's technical breakdown caught smart money's eye in 2013, it has eluded the 'hard-nosed reporting' of nearly all forms of media, the general public (international and domestic), central bankers (at least publicly), politicians, etc.

In general, the world remains oblivious to the Yen's downtrend and "defensive reallocations but don't call them outflows" from Japan. Accumulation of the Nikkei by the invisible hand - bullish setups in July followed by a second, even stronger setup or cluster in October (chart 2) indicates that these trend are well-known and expected to continue regardless of leadership or policy. Japanese citizens will recognize what the invisible hand is already discounting soon.

The Yen

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