The Yen pairs showed amazing moves the past week...the traditional idea is to run into the Yen as a safe haven.
Many claim the Japanese yen will actually out perform the US Dollar when it comes to a safety play during this confidence crisis/reset.
Why? Japan still has one of the highest savings rate in the western world. They also have a large manufacturing base.
The US is the reserve currency, but most Americans do not have $500 saved up and live pay cheque to pay cheque. The Dollar is not backed by the people's savings. It really is backed by the US military.
This move needs to be assessed to determine whether we are getting closer to some sort of economic crisis. If you read my other posts, I have provided reasons on why this is likely. We are moving towards a crisis, it is inevitable.
USDJPY broke and closed strongly below a very major support/flip level. Waiting for a pullback to form a lower high before entering.
Many claim the Japanese yen will actually out perform the US Dollar when it comes to a safety play during this confidence crisis/reset.
Why? Japan still has one of the highest savings rate in the western world. They also have a large manufacturing base.
The US is the reserve currency, but most Americans do not have $500 saved up and live pay cheque to pay cheque. The Dollar is not backed by the people's savings. It really is backed by the US military.
This move needs to be assessed to determine whether we are getting closer to some sort of economic crisis. If you read my other posts, I have provided reasons on why this is likely. We are moving towards a crisis, it is inevitable.
USDJPY broke and closed strongly below a very major support/flip level. Waiting for a pullback to form a lower high before entering.