You Es Dee

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To my eyes, one of the cleanest and most exciting patterns out there is the US dollar compared to the Japanese Yen (USD/JPY), which seems poised for much lower values.

If you take a step way, way back, and look at the long-term trends, I think you’ll be prone to agree with me that USD/JPY is teetering on a precipice.

Just about any style or granularity of moving averages tells the same story.

Of course, you know me well enough to know where this leads me – – a certain fondness for a certain yellow metal.