Yen Update

This is mostly for our currency traders, but it is also a piece of information for market analysis, the weak yen has been very helpful to the market moving up, it seems as if my earlier initial impression of a reversal in the Yen to the upside is gaining credibility, this is not of any assistance to the stock market bulls.

 Initially the early smaller divergence was seen in the Yen futures, it has grown since then.

 Now it's clear in the Yen ETF, FXY as a leading positive divergence on the intraday timefrmes and moving out- 2 min

 3 min

The next to take on is the 5 min.

I'll try to follow this up in more detail for the FX traders and for market analysis.