The Japanese yen has continued to weaken as risk appetite hasn’t faded from the market psychology yet. With the Dow maintaining gains but remaining rang-bound there is not a strong surge but rather optimism in the market. The Dow’s strength is weakening the yen. The same yen that was stronger as the Dow pulled back, broke the uptrend on the daily chart, and sunk through 13,000. Now with a choppy range forming and prices pushing higher in the range, the yen is sinking on risk appetite. Past performance is not indicative of future results The Dow’s choppy range is now dominating market psychology and pushing the yen ... (full story)