Monday, March 19, 2018

#Japanese Yen Review $FXY $JPYUSD - Extended Up Cycle Looking For Reset of Time

Yen Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

The Yen's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments

Hi Eric, thanks for posting that XBI line chart. I see that EXP has calmed down.

Reading Daily is a little tricky - it can move very fast or it can take longer than expected. For example EXP in Yen dropped off quickly, while EXP resulting from oversold bounce in stocks took much longer to work off the froth.

In current market conditions I've been watching USD and VIX before looking at everything else. While non-aligned they can create some unexpected intermarket pressures.


The Japanese Yen has been a Trip Up impulse for nearly all of March, a primary trend breakout signal will be generated at the end of the Month if current price levels hold (see PREV Matrix).

Caution towards the Yen lies not within the primary but rather tertiary (daily) trend. The daily trend has been in upside alignment for 47 days. BuST, a standardized statistic of TIME for upside alignment, has climbed to 3.65. 3.65 defines the currently alignment as extremely extended and favors consolidation ahead.

Bulls should be reducing risk and waiting for reset of triple alignment.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.