USDJPY Opens At 6-Year Highs, Extreme ‘Relative Strength’ Signals 30% Drop Potential

USDJPY has been on a tear in recent weeks. Since China unleashed QE-lite, JPY and CNY have greatly diverged with USDJPY breaking above 109 and pushing six-year highs. This recent ‘relative strength’ is the most extreme overbought for the currency pair since early 2001 – which saw USDJPY plunge 30%…

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USDJPY Opens At 6-Year Highs, Extreme ‘Relative Strength’ Signals 30% Drop Potential

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