Eur/Jpy weekly channel shows it is hitting 75% resistance on 5y chart. Note the RSI
Same chart on 1year-daily. Note the RSI
XJY chart: Inverse of usd/jpy at support
Eur/Usd, Eur/Cad, Eur/Gbp, Eur/Jpy, Gbp/Jpy, Usd/Jpy, Chf/Jpy, Cad/Jpy all have gone insane in this currency war. During these times, only black-swan event is the answer. For risk to go OFF, black-swan has to appear.
EDIT: Lots of currency charts especially JPY ones are touching the 3 sigma resistance now on multi year time frames (all the way from 1y to 5y). It's a rare event.
