Looking at
USDJPY
over a multi year period we can find an inverse H&S. Not only that we can see a cup forming over that period.
Fundamentally I believe there will be a global slowdown. Yen is usually a flight to safety during a downturn (similar to gold). The slowdown will be in the U.S, and will weaken the dollar to such an extent that even if the Yen falls, the dollar will fall faster. This will lead to a raise in the Yen.
Finally, Japan has deflation issues ( link ). They have had problems deflating the Yen for years now and it seems like they are still deflating ( another article about it from 2017 ).
All of these factors lead me to believe that the Yen is going up.
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
USDJPY
over a multi year period we can find an inverse H&S. Not only that we can see a cup forming over that period. Fundamentally I believe there will be a global slowdown. Yen is usually a flight to safety during a downturn (similar to gold). The slowdown will be in the U.S, and will weaken the dollar to such an extent that even if the Yen falls, the dollar will fall faster. This will lead to a raise in the Yen.
Finally, Japan has deflation issues ( link ). They have had problems deflating the Yen for years now and it seems like they are still deflating ( another article about it from 2017 ).
All of these factors lead me to believe that the Yen is going up.
* This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
