Thursday, January 28, 2010

Yen versus Euro

Pretty cool pattern.

And here is the pair going back to 1991:

Back in 2008 I think I suggested an ultimate target of 100 yen to the euro (1.00 on these charts) but then I turned pretty negative on the yen about a year ago. Taking another look at the big picture here though, 100 certainly seems in the realm of possibility.

But even so, I am much more focused on the situation on the daily chart at the top now than I am on ultimate-gee-that-would-be-cool targets.