The Yen Is Brewing a Comeback

The Bank of Japan has finally decided to come to its currency’s rescue. [Jeff Clark's Market Minute]( The Yen Is Brewing a Comeback By Imre Gams, analyst, Market Minute The Fed’s current rate-hiking cycle is the most aggressive we’ve seen in decades… Although this is bad news for our domestic purchasing power, it’s good news for foreign exchange. Currently, the U.S. dollar index (DXY) is up over 17% this year. Many currencies have now reached extreme levels against the dollar. For example, the Great British pound sunk to a new all-time low in September, while the euro reached parity with the dollar back in July. However, the weakest major currency has been the Japanese yen. Like many of its peers, the yen has underperformed relative to the dollar. Just recently, the yen reached a 32-year low. And on a year-to-date basis, the yen is down around 27% against the dollar. But there are signs this trend may soon come to an end… Recommended Link [Wealth-Building Secret Hidden in List of The 500 Fastest Growing Companies in North America]( [image]( If you are struggling to make money in this market, check out these companies… → Latch – 1,568% → Semperis – 2,723% → Flexiti – 3,143% → Even – 4,154% → Kenect – 5,699% → L7 – 8,288% → Expel – 12,858% → Maple – 15,315% → Shipwell – 32,670% This is the revenue growth percentage of just a small handful of the 500 fastest-growing companies in North America right now. You can get your hands on [the full list here.]( But more importantly… One small-town millionaire who went broke used the secret behind this list to get rich again. And for the first time ever, he’s agreed to reveal his secret. [Click here to discover this millionaire’s wealth-building secret.]( -- Breaking a Trend One possible reason for this is that the Bank of Japan has finally decided to come to its currency’s rescue by buying billions of dollars’ worth of yen. Another reason has to do with technical analysis… Let’s check out a price chart of the U.S. dollar and Japanese yen currency pair (USD/JPY) so I can show you what I see… [(Click here to expand image)]( There are two important things going on in this price chart… First, notice the trend marked by the blue lines. Once I have three points of contact, I can draw this channel. In the case of USD/JPY, I first drew a line connecting points 1 and 3. Then, I took a parallel of that line and pulled it to point 2. Channels are a crucial part of my technical analysis process. The upper boundary line of a parallel channel is a very high-probability target. Sometimes, like in the case of USD/JPY, the market will break slightly on top of the channel. This is known as a “throw-over.” If the market continues to accelerate out of the channel, then we can expect further upside. On the other hand, if the market crashes back into the channel after “throwing-over,” then we can usually expect a dramatic reversal. The second important feature of this price chart is the mathematical relationship between moves 1-2 and 3-4. They’re almost identical to one another. I’ve visually illustrated this relationship using the red arrows on the chart. When two moves are equal within a parallel channel, it increases the odds of us getting a dramatic reversal. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. History Shows Profit Potential You can check out how this same setup played out in USD/JPY back in 2020… [(Click here to expand image)]( [Market Wizard who predicted negative indexes in 2022 shares shocking new forecast]( After the 2-4 movement completed, we eventually saw an explosive breakout higher. Now I can’t guarantee the same move will happen again. We’ll have to wait and see which way this currency pair is going to break… But either way, there’s going to be some great trade setups taking shape. [Just yesterday]( I helped my subscribers book profits on a Great British pound (GBP) and U.S. dollar (USD) currency trade. There will be more winners to come. Stay tuned. Happy trading, Imre Gams Analyst, Market Minute Reader Mailbag Do you think the Japanese yen has the potential to rise in value against the U.S. dollar in the coming year? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [Former Goldman Sachs Exec: “5 billionaires are betting Elon Musk is dead wrong.”]( Elon Musk calls [this the key to “Tesla’s future.”]( And no, it’s not a new electric car. It’s a giant factory called a “Gigafactory.” Musk spent over ten billion dollars building multiple Gigafactories around the world. All to profit from an emerging trend Forbes reports will be worth over $130 trillion dollars. But after visiting the Gigafactory in Austin, Texas… Former Goldman Sachs executive Dr. Nomi Prins says the real story is NOT these huge factories. Because she’s discovered five billionaires are betting against Elon Musk… By backing a tiny $4 company that’s set to dominate this $130 trillion dollar trend. And she’s put together a short, 30-second demonstration to show you why. [Click here to watch the 30-second demo.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [THE 101 GUIDE TO PRE-IPO INVESTING]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2022 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](