For Bikoo99
Have some time this morning and was admiring your $XJY chart (posted yesterday morning) That’s a beauty of a triangle $XJY built out over the last 5 years. It sure looks like it could be bottom pattern. Anyway, have dug through some old charts to have a look at a longer term view. Here is a monthly line chart of $XJY going back to 1984. One thing that stands out is that $XJY moved in lock step with gold for the last decade. Before that, not so much.
Whither $XJY? Whither gold? Don’t know.
Thanks Silver Fox. I like your chart. Various charts giving mixed signals. Soon market may resolve the direction.
May be the reason gold well correlated with XJY is because last decade has been the era of Yen carry trades.