30 years ago today, at #1 on the Billboard chart was a perfect song for the USD/JPY bulls waiting and hoping for 100.
Oh, and by the way, 30 years ago today USD/JPY was trading around 238.00 and Japanese industry was dominating the electronic and automotive industries.
At the moment, everyone is enthralled by 100 but technically, the zone around 101 is more critical.
By the way, someone, somewhere sold the break of that trendline in the ’80s and is still living off it.
