Loading ...Yen historic low volatility over a 200 week period…
This is as far back as I can get stockcharts to go for me, but I am pretty certain you would have to go back even further to see this type of low volatility over a 200 week period.
Absolutely no doubt in my mind that the yen is setting up for a serious move that will last for years. If it is upwards, that should provide a serious tailwind to commodities and gold. How long it takes to get moving in its true direction is really anyone’s guess, but I personally think it will be within a year.
Sir Nautilus,
Just trying to put 2 and 2 together … your previous post about not-so-great action in the miners in the next 12-18 months, and now this post about the Yen possibly getting a serious up-move when the USDX falls hard … there seems to be a disconnect here, for this (Gold) Learner.
Thoughts?
GL
It could be we are set up for whipsaw action in the yen for the next year. The yen and gold are obviously not perfectly correlated, but their major infection points do often overlap.
Also, keep in mind gold had a *massive* breakout vs the yen of about a 10 year base over the last year, and gold too will consolidate vs yen over the coming year IMO.
In the near term, I expect gold to rally vs yen, but I highly highly doubt gold will permanently break above its August peak vs yen for a long time (again, I think it could consolidate into early 2022 vs yen).