💸 THE LONG CYCLE OF THE YEN
💴 USDJPY – I don’t actively trade currencies, but I do keep an eye on the yen. The USDJPY pair on Forex often reacts quite well to extreme forecasts for gold. Back in April 2024, I wrote : "✋ Can’t ignore the surge of the US dollar against the Japanese yen to a 34-year high. The medium-term USDJPY cycle is about 4 years. It’s been 3.5 years since the current cycle began — the peak of a bullish cycle is often reached in the 4th year. ☝️ The base cycle of USDJPY is around 25 weeks. The 18th week of the current base cycle is beginning. The cycle is quite mature, and its top is likely close. There's a good chance of a correction within this time window, with a base forming somewhere around June." 👉 The last medium-term yen cycle (averaging 4 years) started in January 2021 and has now stretched to 4.5 years. This cycle is fully mature. The peak of the base cycle mentioned in April was reached in June 2024 in week 27 of the cycle. The base cycle dragged on for 37 weeks and...