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Yen & Gold

August 6, 2022 - Central Bank of Japan owns 75% of Japanse Stocks (shares are backing the Yen)!

Yen - gold

[Most Recent Quotes from www.kitco.com]
Bullish Target ¥ 420.000 
 
Resistance ¥ 220.000  Yen is in free-fall. Rates are stuck in negative territory, and rising bond yields mean the Bank of Japan is bankrupt. Even didn’t happen to the Reichsbank in 1920-23.
Support ¥ 180.000
Bearish Objective ¥ 160,000
Technical pattern Uptrend Acceleration

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 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
  • March 11: Target #1
  • Sept 9 - Nov 11: end of the correction and ready for a new bull run.
  • Dec 4 - May 10, 2021: mind the Trend Acceleration on the Long Candle
  • June 18 - Jul 11: Bullish Long Tail
  • 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 fresh bull run.
  • May 10: Buy Now!
  • June 10 - July 14 - Aug. 6: Enjoy the Bull Run.
Long term candle
Yengold candle2

Dollar in Yen -  Bouncing up Long Term support zone & Breakout  - NOTE the correlation between the $/Yen and the $-the Gold price!

  • Japan doubled its monetary base by the end of 2014. You're already insolvent when you are backed into a corner, 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 Yen at low-interest rates and use the proceeds to buy foreign bonds...
USDJPY pf1
Short term candle
Chart comment
USDJPY candle1
  • Sep 10 - Nov 7: See the HUGE maturing COIL on the long candle
  • 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
  • Feb 5: Bullish Divergence
  • Mar 5: Bull Run.
  • Apr 12: Overbought and running into resistance.
  • May 10: expect a lower Yen vs. the Dollar.
  • June 18 - Oct. 10: running into Resistance.
  • Nov. 8 - Mar. 12, 2022: Breakout or Bull Trap!?..or a RIGGED forex market?
  • Mar. 28 - May 10: Breakout: the Dollar is breaking out or a VERY WEAK Yen. Japan has no RESOURCES...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.
Long term candle
USDJPY candle2

Yen in Euro -  Breakdown of the Yen

EURJPY pf1
Short term candle
Chart comment
EURJPY candle1
  • Aug 18 -Oct 10 - Nov 6: Trend reversal!?
  • Jan 5 - May 3, 2018: SIDEWARD
  • Sep 10 - Oct 9 - Nov 7 - Dec 7: 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)
  • Nov 9: Support holds.
  • Jan 3 - March 23, 2020: uptrend of Euro vs. Yen is intact.
  • April 10 - Dec 4 - Jan 6, 2021: Sideward-Euro breaking out??
  • June 18 - Oct. 10: The euro is breaking out versus the Yen...sideward??
  • Nov. 81 - Mar. 12, 2022: Sideward - looks like 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 for raising interest rates to protect the Yen.
  • June 10 - 25: the Yen continues to crash versus the Euro, killing all profits on Yen-labeled assets.
  • Aug. 6: Debt is hunting Japan...the Yen is TOAST.
Long term candle
EURJPY candle2

The end game for Japan and the Yen.  A 2% move in the Japanese interest rate and the Japanese 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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