JYM13 – June Yen (Last:1.0407)

A while back, I suggested taking Japan at its word when some finance minister said 0.95 sounded like a realistic target.  Although a nasty rally intervened in late February, the destruction of the yen has resumed in earnest and now bids fair to achieve a minimum 1.0255 over the near term. This is notwithstanding serious and determined competition from, among others, Switzerland.  The clarity of this target is such that I’ll recommend bottom-fishing using camouflage on the 5-minute chart of less. If you fill please let me know in the chat room so that I can establish tracking guidance.