Yen not letting go!!

Good Morning Dynamic Traders,

Apologies for my absence yesterday, I was attending a work conference, which turned out to be very interesting, but unfortunately I have to arrive early which meant I wasn’t able to post update.

It looks to me that the Yen wants to climb more, but the Value Index is doing a great job of taming the price. As you see from the 4 hour chart below that price has failed twice at the VI and looks set to have another go at beating the VI. If you have a look at the day chart (not posted) you will see more clearly that price is almost walking down the Value Index.















Unfortunately the Yen isn’t doing too much, as it is oscillating as it is fighting with the Value Index, but let’s see what events unfold to and Friday.

Happy Trading

Richard Monnery