Every last point of profit has been squeezed out of the USDJPY move.

NOTE: The inverted FXY (ie +FXY with readtheticker.com) equals the USDJPY trend.

Trading plans to get great or even good returns on the long USDJPY trade in 2016 is unlikely. The move is long in the tooth and the energy from the Wyckoff ‘Cause’ looks done! The move was a perfect money maker, but nothing last forever.

This move involved selling the YEN and buying USD, this means the the long $USD or DXY trade will be losing a good friend. Traders knowing the $USD has little ground to make will start to build positions in opposite $USD trades like gold, silver and crude oil. 

Yes the $USD can go higher, yes the USDJPY can go higher. The point is not far in our view.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net 

Investing Quote…

..”There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”…

Jesse Livermore

Bernard Baruch

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

Nobel Laureate for Economics Paul Samuelson