A turn on Tuesday would fit nicely with the Lunar phase and Gartley ideal price retracement of 78.6%. Let's see..
I was bearish on the YEN last year. Now I'm getting bullish.
I expect the strengthening yen. We have the BOJ meeting / May 21-22 /. I think Mr. Kuroda fulfill his destiny.
Short the Japanese Yen has been by far 'The trade' of 2013. Now entering its 22nd week of a downward correction CRI's weekly commodity trend survey (www.therationalinvestor.ca) suggests the short came in at 123.99. Initial targets were hit and far exceeded and any remaining shorts from this trade (if you were able to trade multiple lots) ought to be considered...