The British pound initially spent most of the week going higher against the Japanese yen but has continued to struggle near the ¥168.50 level. That being said, I think based on the candlestick from both this past weekend and the one before it, it’s likely that we will continue to hear a lot of noise. Ultimately, we are in an uptrend, and as long as the Bank of Japan is going to continues to fight interest rates, that will put downward pressure on the Japanese yen, thereby allowing this market to continue cranking higher as it has been. Ultimately, this is a market that I think will show signs of value hunting on ... (full story)