Yen's 40-Year Run Against Dollar Faces its Final Curtain

Posted by Forexsq 703 days ago (http://online.wsj.com)
img Too many signals--both fundamentals and technicals--are now converging in ways that point to a steady move lower for the yen, with the dollar looking to gain 5% or more against the Japanese currency in the coming months.

Say sayonara to the yen's long-running rally against the dollar.

For more than 40 years, the yen has at times confounded market participants with persistent strength. Since 1971, the dollar has lost more than 77% of its value against the yen.

But too many signals--both fundamentals and technicals--are now converging in ways that point to a steady move lower for the yen, with the dollar looking to gain 5% or more against the Japanese currency in the coming months. forex

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