Sunday, October 4, 2009

Nippy 1 hour charts -- USD/JPY, EUR/JPY, AUD/JPY, CAD/JPY, CHF/JPY, GBP/JPY

last week I wrote a newsletter contemplating a stronger Yen over the short to mid term. there may be something to that still, though rebound in all the /JPY pairs beginning late last week has me questioning that. I see that three of the pairs hit new lows on the hourly charts below, while the other three did not confirm. hung jury I guess.

I'll be looking for a majority of the six to break above last week's highs (horizontal lines) as signal of generalized Yen weakness. also monitoring my equal weight JPY index, currently at 90.64 (basis 100 from the beginning of the year).

(click images to view full size.)