Put differently, USDJPY is now trading at a 17-year high... but will it last?
By Elliott Wave InternationalYou'll find many explanations in the news why the U.S. dollar is trading at the highest point against the Japanese yen since 2002. Most of them have one thing in common:
They rationalize the move which has already happened.Usually every Friday, the editor of our forex-focused Currency Pro Service, Jim Martens, records a new video forecast for subscribers, highlighting a new opportunity or an interesting set-up.
On April 15, Jim recorded a forecast stating that USDJPY is about to go higher -- much higher. Watch it now to see a very different perspective on why USDJPY is trading at a 17-year high.
(And keep in mind, this forecast was made before the rally started.)
"USDJPY: A Bullish Opportunity with a Well-Defined Risk (April 15, 2015)"
On May 29, Jim recorded an update, "USDJPY: Thrust from a triangle -- what's next?"
Learn how you can watch this free video update now >>