The US dollar's multi-year downtrend against the Japanese Yen may be coming to an end, providing an opportunity to buy, says Ragu Dharmaratnam of Baselica.
Four-weekly momentum has turned positive for the first time since 2007. The five-year old downward trendline and horizontal resistance are both converging around ¥81.00. Go long on a break above here, targeting ¥84.5 to begin with.
