(92,21) The USD/YEN spiked higher; the top last night was 91,77 while the top in Europe was 91,41. We have therefore a huge gap up in a well overbought market!!. The monthly closing was very strong and also here it’s the 3rd strong closing in a row. The indicators of the daily chart are again above the line showing overbought conditions; those of the weekly one are even above 75%, level from where in the past, 1997 and 1979, the dollar always confirmed at least a 3,90% correction!! We stay on the sideline!!
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