Japanese Yen Falls to a 17-Year Low -- Watch How It Got There
Currencies / US Dollar Jun 06, 2015 - 10:36 AM GMTBy: EWI
Put differently, USDJPY is now trading at a 17-year high... but will it last?
You'll find many explanations in the news why the U.S. dollar is trading at the highest point against the Japanese yen since 2002. Most of them have one thing in common:
They rationalize the move which has already happened.
Usually every Friday, the editor of our forex-focused Currency Pro Service, Jim Martens, records a new video forecast for subscribers, highlighting a new opportunity or an interesting set-up.
On April 15, Jim recorded a forecast stating that USDJPY is about to go higher -- much higher. Watch it now to see a very different perspective on why USDJPY is trading at a 17-year high.
(And keep in mind, this forecast was made before the rally started.)
"USDJPY: A Bullish Opportunity with a Well-Defined Risk (April 15, 2015)"
On May 29, Jim recorded an update, "USDJPY: Thrust from a triangle -- what's next?"
Learn how you can watch this free video update now >>
This article was syndicated by Elliott Wave International and was originally published under the headline (Video, 2:54 min.) Japanese Yen Falls to a 17-Year Low -- Watch How It Got There. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world's largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
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