Greetings!

Well…we certainly are following our thin markets and sentiment so far…

The Dow weakened in a tight range yesterday…as did Gold, Crude, most Currencies and if fact…most Markets!

We are seeing our yearly “flailing around climate” here in what can be considered knee-jerk Price action with plenty of noise…albeit in deeply tight ranges.

As we say…there is a reason Institutions and Hedge Funds do not really work in this end-of-year Arena and many professional Retailers do the same!

Fundamentally, our thoughts on generally weak Data across the board came through, and despite a couple of small surprises…really had no effect on Currencies in general.

The “Range Master” still Prevails!

Let’s see if Dollar Yen followed along as well…

When we left Her around 89.88…we have simply appreciated along a nice intraday trendline here to 90.88.

With the current climate we should continue to respect this Line on an Hourly basis.

Our view yesterday still remains valid with possible appreciation to 91.50 Resistance…as it is approximately 2:21GMT as of this Writing.

 ( click once for capture…Candles rather small today! )

Of course…further down the road…we certainly could see the Bank of Japan stepping in if the Pair, and especially the Yen Itself, continues to strengthen.

In this case, a significant breach below 90.00 may just be the catalyst.

Maybe…

If you are anything like me…the BoJ and its’ Intervention policies are deeply ineffective and have been for years.

We simply ignore them and move ahead….and if we are relatively passe about their concerns…just think of the Yen!

The Unit simply storms right through when we have seen the BoJ work their “Magic”.

We will check on this soon, as I will be with you tomorrow for Intraday Updates…as well as on Christmas Day and all of our Japanese Data that day.

Family not coming in until the 27th now, so I will be around with the dog!…hee hee…  

She can sing “Merry Christmas” to me !