I was more than a little surprised to see this item on the front page of this morning’s newspaper:

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I was more than a little surprised to see this item on the front page of this morning’s newspaper:

OK, the pun doesn’t really work, because Seoul is in Korea, but it’s all I could come up with at this hour. Anyway, the point is that the USD/JPY is pretty badly stretched to the downside, and thus has ample room to push higher, even within the context of a general downtrend. It’s already happening this morning.
