The US dollar plunged against the Japanese yen initially during the week but then turned around to show signs of life again. I think at this point we are trying to break out above the recent highs, but I anticipate more choppiness over the next week or so than anything else. We have a lot of work to do, but the interest rate differential between the United States and Japan should continue to propel this market higher over the longer term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.