USD and Yen

Catching up on Uncle Buck and Johnny Yen, we return to the monthly comparison chart.  Yen continues to search for a low to bounce from if it is going to follow the buck’s bounce plan at orange arrow #3.  It is at support.  If it bounces and if it goes to the USD’s script, it would then decline again well into new lows territory.

Meanwhile, USD is breaking to a higher high.  I had thought the ’09 and ’10 highs might provide resistance, but so far it’s not happening.  It truly does appear to be the USA Über Alles market.

usd.yen