Yen & Gold
October 12, 2020 - Central Bank of Japan owns 75% of Japanse Stocks (it's stocks backing the Yen)!
|Yen - gold|
|Bullish Target||¥ 280.000
|Bearish Objective||¥ 152,000
|Technical pattern||Breakout and Bull Run.
Dollar in Yen - Bouncing up Long Term support zone & Breakout - NOTE the correlation between the $/Yen and the $-the Gold price!
Japan doubled the monetary base by the end of 2014. When you are backed into a corner and your debts are north of 20 times your government tax revenue, you're already insolvent. Simply put, they are about to implode under the weight of their debt. the Bank of Japan is monetizing at a rate of around 75% of the Fed on an economy that is one-third the size of the US!"
Japan is the next country/system to enter HYPERINFLATION. As the Japanese government has openly admitted that it will destroy the yen, Banks borrow Yen at low-interest rates and use the proceeds to buy foreign bonds...
Yen in Euro - Breakout & UPTREND- -
The end game for Japan and the Yen. A 2% move in the Japanese interest rate and the Japanese financial system EXPLODES...This is an excellent example of what is to happen in the West. Give it 18 to 20 months...Stay out of the Japanese Stock market...the weak Yen will kill profit on shares...
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