Analyzing USD/JPY is like watch paint dry, but without the excitement.
But occasionally you spot something unusual. I’ve recently noticed that the 100-day moving average is starting to tick high for the first time since mid-2010.
It’s a subtle thing, but coming off all-time lows earlier this year, perhaps Mr. Market is sending us a signal that he’s getting tired of the downside and may want to make a run higher.
