The U.S. dollar is being taken out to the woodshed this morning against the Japanese yen with the USD/JPY lower by 1.5% on the U.S. session. With a steady trek from the lower left hand corner to the upper right hand corner in the daily chart of the USD/JPY what changed literally overnight?
With Aussie dollar hitting 11 month lows and price barreling towards 1 year lows of .9602 set last June. This is your target to re-load the gun after taking profits.
In a topic which could be discussed at great length beyond this forum, I would at least like to sketch the surface of a concept I think many investors (including me) are having trouble with.