02 Jun Yen

On June 2, 2015 we said USDJPY would make a major top at 125 and set a 126 stop.

 

USDJPY actually peaked at 125.85 on June 5, for a margin of error of 0.7%, making this one of our largest “misses” to date.  Still, a very good (and contrarian) call we are proud of.  USDJPY has since fallen to as low as 116 on August 24th for a 7% drop – thus far. Was that THE top?  Where will it bottom?  Subscribe to find out.