The yen has been coiling in a very tight range over the last 4 years.  In fact, its the tightest range going back at least 30+ years.

A break down here could provide rocket fuel for the USD.  It’s anyone’s guess where the yen will bottom (would have to ask Jerome).  A natural bouncing point should be the lower bollinger band, but if price drops violently enough it will begin to bend the lower band lower.  Maybe this is setting up a massive reversal, but only the bankers know when and where.  In the meantime I am expecting commodities and gold and silver to get clubbed like baby seals.