USDJPY at Long-term Crossroad
A picture is worth a 1,000 words. This picture of the USDJPY Daily chart shows a market at a very important crossroad which could have a major impact on currency markets and the global economy, because it would show that the very powerful Japanese investment class is deploying money overseas again.
Jay Norris is the Chief Market Strategist at Clovernest Financial Group and the author of Mastering the Currency Market, McGraw-Hill, 2009 which is the text book for the intermediate level trading course offered though Trading-U.com see: Trading Courses Jay’s second book Mastering Trade Selection and Management, McGraw-Hill will be in book stores in 2011.
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