JPY crosses/Technical Analysis/USD/JPY

USD/JPY: Any Ichimoku experts out there??

I thought the report yesterday from one of the big banks that the really big JPY short positions are in Asia was very interesting. This tells us that the big Yen short-squeezes, like we’ve seen over the last 2 Asian sessions, will have a better-than-average chance of happening during Asian/early-European trade. It also tells me that Ichimoku analysis becomes much more important as the Japanese in particular follow it so closely.

Have we any Ichimoku experts who would like to share their thoughts with us? Thanks in advance.

  1. Sean, I notice that the Ichimoku levels almost always correspond to either a major Fibo level or a major MA. In the final analysis, all indicators are working off the same raw data – prices!

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