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Friday Follies With Dollar and Yen Strength…The Score?

Posted on January 15, 2009 at 22:00 in Market Analysis by Tim Salem

 

Happy Friday Everyone!

Well, we made through as rather tumultuous week…full of event risk, averse sentiment, and counter-intuitive Price behavior!

Our “Dollar and Yen Strength Game” on Muscle Beach is still moving along, despite Euro & Company crowding the beach with events and the spotlight…so let’s have a look at the “Super-Heavyweight Match” of them all…Dollar Yen!

But CVJ!…All we have to do is look at the USD/JPY and we already know the answer!…

What kind of a Match is this?”…scream the CVJ Fan Club Guys.

“C’Mon Guys!”, I say…”Give me a minute to at least cover the Chart!”

( I am liking these three “MENSA Candidates” less and less each day…hee hee… )

 

All sarcasm aside, the Guys really are on the Mark here…

Let’s have a look at the larger Monthly and Daily views.

 Analysis is largely on the Charts, so be sure to click once for the captures!

 

(Post-Time is 3:00 GMT)

 

 

 

 

 

 

Let’s meet again for an Intraday Update, as we have massive Data Points emanating from the U.S. beginning at 13:30 GMT.

We shall see, indeed…if the Dollar can stage a significant bounce…or if the Yen throws the Yankee back into the Sea of Japan!

 

:-)

 

 

 

 

 

 

 

 

 

 

 

 

 

Tags: bounce, dollar, head and shoulders, Sea of Japan, USD/JPY, Yen

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