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Yen & Gold

February 9,  2024 - The Yen is "Toast" - The Central Bank of Japan owns 75% of Japan's Stocks (shares are backing the Yen)!

Yen - gold

[Most Recent Quotes from www.kitco.com]
Bullish Target ¥ ??
 
Resistance ¥ 420.000
 Yen is in free-fall. The Bank of Japan is bankrupt. Even this didn’t happen to the Reichsbank in 1920-23.
Support ¥ 280.000
Bearish Objective ¥ 220,000
Technical pattern New High.

YenGold pf1

Short term candle
Chart comment
YenGold candle1
  • June 6, 2015: Aiming for a new all-time high
  • Jan 6, 2016: and fresh upleg.
  • Jan 8 - Feb 4, 2017: fresh bull run
  • Sep 12: TRADING ZONE intact. Remember, the bigger the trading zone, the more robust the upswing after the breakout.
  • Jan 5 - Apr 24, 2018: When will Yen-Gold break out of this enormous accumulation zone?
  • Dec 7 - Feb 8, 2019: Breaking up the 200-day Moving Average.
  • March 9:  SCREAMING BUY (see short candle)
  • Jan 3 - Feb 5, 2020: New upleg
  • Dec 4 - May 10, 2021: Mind the Trend Acceleration on the Long Candle
  • Aug 11: Late Sunday night, $4 billion worth of gold was dumped onto the market during thinly traded hours. $4 billion...
  • Sep 9 - Dec. 26: SUPER BUY.
  • Jan. 26 - Apr. 10/23, 2022: the beginning of a new bull run.
  • May 10: Buy Now!
  • Jan. 1, 2023: Expect higher soon...
  • Feb. 24: Higher, we shall see!
  • Mar. 24: All-time high.
  • Apr. 14 - June 18: Breakout and All-Time high.
  • July 19: End the backtest or expect a higher price.
  • Sep. 2: All-time high!
  • Oct. 9 - Nov. 8 - Dec. 11 - Feb. 9, 2024: buy the small correction as we expect another "All-time High!
Long term candle
Yengold candle2

Dollar in Yen  - NOTE: the Yen shows what will happen all over the Western World!

  • Japan doubled its monetary base by the end of 2014. When backed into a corner, you're already insolvent, and your debts are north of 20 times your government tax revenue. Simply put, they are about to implode under their debt. The Bank of Japan is monetizing at a rate of around 75% of the Fed on an economy that is one-third the size of the US!"
  • Japan is the following country/system to enter HYPERINFLATION.  As the Japanese government has openly admitted that it will destroy the yen, banks borrow it at low interest rates and use the proceeds to buy foreign bonds.
USDJPY pf1
Short term candle
Chart comment
USDJPY candle1
  • Dec 7 - Mar 9, 2019: Sideward  + ???
  • Jan 3 - Feb 5, 2020: Support by the neckline of the HS pattern
  • March 23: And a new upleg...a weaker Yen vs. the Dollar.
  • April 10 - Dec 4 - Jan 6, 2021: Sideward & support
  • May 10: Expect a lower Yen vs. the Dollar.
  • Nov. 8 - Mar. 12, 2022: Breakout or Bull Trap!?..
  • Mar. 28 - May 10: Breakout: the Dollar is breaking out or a VERY WEAK Yen. Japan has no RESOURCES.... It must import all.
  • June 10 - 25: The yen continues to crash versus the Dollar, killing all profits on Yen-labeled assets.
  • Aug. 6: Debt is hunting Japan. The Yen is TOAST.
  • Sep. 11: Target is 44!  Japan has NO resources, NO Energy, and too much DEBT!
  • Oct. 15: At first, things move slowly...until suddenly, they move (crash) fast.
  • Nov. 25: oversold and correction.
  • Jan. 1 - Mar. 24, 2023: Backtest will take the Yen to approx. 82.
  • Apr. 14 - June 18: The Yen is Toast.
  • July 19 - Sep. 2: The Yen is even WEAKER than the Dollar...
  • Oct. 10 - Nov. 8 - Dec. 11 - Feb. 9, 2024: End of backtest = expect a LOWER Yen!
Long term candle
USDJPY candle2

Yen in Euro -  Breakdown of the Yen versus the Euro.

EURJPY pf1
Short term candle
Chart comment
EURJPY candle1
  • Jan 5 - May 3, 2018: SIDEWARD
  • Jan 16 - Mar 9, 2019:  Stop Loss & Break Down OR Bear Trap?? - What happened earlier this year is BIZARRE and points towards an intervention of the Plunge Protection Team...(see short candle)
  • Jan 3 - March 23, 2020: The Euro vs. Yen uptrend is intact.
  • April 10 - Dec 4 - Jan 6, 2021: Sideward-Euro breaking out??
  • Nov. 81 - Mar. 12, 2022: Sideward - the FOREX markets are rigged.
  • Mar. 28 - Apr. 10: An imminent €-breakout = much weaker Yen!
  • Apr. 23 - May 10: Yen in Stop Loss versus Euro?! YES, as extreme inflation is expected in Japan, and the huge Japanese debt doesn't allow interest rates to be raised to protect the yen.
  • June 10 - 25: The yen continues to crash versus the euro, killing all profits on Yen-labeled assets.
  • Aug. 6 - Nov. 25: Debt is hunting Japan...the Yen is TOAST.
  • Jan. 1 - Mar. 24, 2023: The Yen is bouncing up a Support Level.
  • Apr. 14 - May 19: The Yen is Toast.
  • July 19 - Sep. 2 - Nov. 8 - Dec. 11 - Feb. 9, 2024: Fresh STOP: Expect the Yen to continue to crash versus the Euro.
Long term candle
EURJPY candle2

The end game for Japan and the Yen.  A 2% move in the Japanese interest rate and financial system EXPLODES...This is an excellent example of what is to happen in the West. Give it 18 to 20 months...Stay out of the Japanese stock market. The weak Yen will kill profit on shares.

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