Charts courtesy of StockCharts.com


Charts courtesy of StockCharts.com

Charts courtesy of StockCharts.com

Charts courtesy of StockCharts.com

Japanese Yen Commitment of Traders History

Charts courtesy of Floyd Upperman Associates

Charts courtesy of Floyd Upperman Associates

Yen Monetary base

As expected from the diminished supply, the Yen has rallied when the rate of change of its monetary base drops sharply (red line). With the rate of change having dropped the most ever in the last 4 years, and the Yen bouncing off a 50 year uptrend line, we are likely to see the Yen appreciate quite a bit in the future.