US Dollar vs Japanese Yen Analysis

A month ago I wrote in this column that “the market has a good chance of dropping to around 90 or even lower. On September 17th the market created a short term bottom at 88.22.

Although the market is currently rising, at 89.96, the rise is expected to be very short-lived. Another drop is expected soon, to test the December 17, 2008 low of 87.11.

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Article and Commentary by Don Schellenberg. A trader and trading coach, he is a noted expert on Market Structure, Elliott Wave and Fibonacci. He trades the forex market.