Japanese Yen Holding Despite G20

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Well, the G20 “decided against scolding Japan” according to MarketWatch.  The implication was that it remains open season on the weapon used by Japanese Currency Warriors.

Except that the Yen is holding to its cluster right at our long standing target of 106.  Part of me still thinks it would be too good to be true for the Yen to be bottoming here, right at target with a world full of antagonists on the other side of the trade, but…

Yen daily chart still hanging around target area

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