- New Science in old markets -

Yen extends – sell it

The Yen has risen lately, which is odd considering the scale of money-printing that is going on at the bank of Japan. One of the generally acknowledged consequences of trying to pump money into a stale economy by printing it and then buying assets (QE is the term) is a weakening of the currency. The recent  bounce in the Yen has now produced daily-scale extensions against the British pound and the $ and this seems like a good time to sell the Yen against one of them. We have chosen the $:

yen daily extensions