##{"id":59262,"date":"2011-12-06T10:14:41","date_gmt":"2011-12-05T23:14:41","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/12\/06\/treasure-chest-is-yen-weakness-looming\/"},"modified":"2011-12-06T10:14:41","modified_gmt":"2011-12-05T23:14:41","slug":"treasure-chest-is-yen-weakness-looming","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/12\/06\/treasure-chest-is-yen-weakness-looming\/","title":{"rendered":"Treasure Chest: Is Yen Weakness Looming?"},"content":{"rendered":"

\n\tBy Robert Clayton<\/p>\n

\n\tWhat can be identified here?<\/u><\/p>\n

\n\tSince the peak at 122.40 back in June 2007, USD\/JPY<\/span> has maintained in a four and half year downward pattern with the trend line now holding at 78.85-79.15. AliomFX<\/span> expects the USD to strengthen and maintain to focus on the key downtrend. With the technical signals still very bullish, the risks of 78.85-79.15 breaking are highly probable. If successful, an upside objective of 94.00 will be confirmed. <\/p>\n

\tFrom the break of the 79.15 the immediate target is 85.00. As such, it is recommended that additional holdings of the US dollar against the JPY<\/span> be put in place from a break above 85.60. <\/p>\n

\tBeyond 85.60, demand\/strength is expected to increase which is likely to unfold towards the suggested measured swing of 94.00, before being seen as any sign of a likely reversal.
\n\t
\n\tLike all breaks, AliomFX<\/span> reports we may see a brief challenge of the break level likely to be around 78.85-79.15 before the initial rally.<\/p>\n

\n\tWhat can heighten the chances of achieving the break?<\/u><\/p>\n

\n\tAs such, it should be noted if EUR\/JPY<\/span> breaks 105.25 (currently at 104.70) is a sign that JPY<\/span> weakness will increase momentum and heighten the chances of the four and half year trend breaking. A move of this magnitude would suggest the following objectives over a 1 to 3 month time span.<\/p>\n

\n\tConclusion <\/u><\/p>\n

\n\tEUR\/JPY<\/span> break of 105.25 would increase momentum adding further weakness for JPY<\/span> and heighten the chances of the four and half year downtrend at 78.85-79.15 being cleared which would confirm the 94.00 measured target.<\/p>\n

\t $\"\"$
\n\t <\/p>\n

\n\t <\/p>\n

\n\tRobert C. Clayton, Technical Analyst • For further information please contact AliomFX<\/span> 1300 885 686 or visit www.aliomfx.com.au<\/span> <\/a>• Chart source Meta Trader. Content included in this article is not by association necessarily the view of FNArena<\/span> (see our disclaimer).<\/em><\/p>\n

\n\t $\"\"$ <\/em><\/p>\n

\n\tAliom<\/span> Pty Limited (ACN<\/span> 123 876 291 AFSL<\/span> 323182) does not warrant the accuracy, completeness or correctness of any information herein or the appropriateness of any transaction. E-mails are not encrypted and cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any financial products.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"