Are yen crosses due for a deep market correction any time soon? EUR/JPY and CHF/JPY are looking pretty topped out to me.
EUR can't sustain much higher, due to Europe's own probs, and CHF/JPY has already exceeded 52 week highs.
USD/JPY is hopeless, (and out of the loop, anyway) but many American traders will be profit taking soon, due to having to pay quarterly taxes.
Japanese ecconmy is struggling some, and I wonder what kind of rally they will have this year, since US will NOT be doing much importing for Christmas.
Any thoughts?
EUR can't sustain much higher, due to Europe's own probs, and CHF/JPY has already exceeded 52 week highs.
USD/JPY is hopeless, (and out of the loop, anyway) but many American traders will be profit taking soon, due to having to pay quarterly taxes.
Japanese ecconmy is struggling some, and I wonder what kind of rally they will have this year, since US will NOT be doing much importing for Christmas.
Any thoughts?