Pingback: Gary is watching the Japanese Yen to foreshadow movements in commodities « Korelin Economics Report
Normally, I would think it would be bearish for risk assets as the Yen is a favorite carry trade vehicle for funding assets.
That monthly MACD is way oversold – could be an epic long term buying opportunity in the Yen/Commodities sector…
The almighty crude oil, is gold following this soon?
I wonder Gary if we can draw any comparison between the major peaks and bottoms of the yen with that of commodities? 8 year cycle? If so how long for a major peak?
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