USDJPY Dollar/Yen Weekly Chart 7-Year High

As the yen is beaten lower by the BOJ money printing, the dollar/yen currency pair moves higher. The flood of yen is used to pump Japanese and US stocks higher and make the wealthy wealthier since they own stocks. The dollar/yen is at a 7-year high (7-year low for yen). The prior USDJPY chart shows the many chart patterns that have played out for the dollar/yen chart such as the green falling wedge above; type USDJPY in the search box at the right margin to bring up the prior chart for a study in chart patterns.

The red lines show negative divergence in place for the indicators in the two-year time frame although there is near-term long and strong strength with the RSI and MACD due to the BOJ QE money bazooka momo from Halloween. Many analysts are calling for dollar/yen to 145 which would correspond to the XJY Japanese yen chart in complete collapse. Many expect the dollar/yen to blow through 120 and 125 in the days ahead. At this juncture that is not expected despite the obscene BOJ money printing.

The expectation is for the yen to base during the weeks ahead, so the dollar/yen chart would be expected to top out moving towards and into 2015 and the BOJ will likely be disappointed in the lack of oomph received from their obscene QE shock and awe program. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.