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Forex (Video): Elliott Waves Predicted Stronger Yen Before "Fundamentals"

by Vadim Pokhlebkin
6/1/2009 2:30:00 PM
The Japanese yen has been gaining against the U.S. dollar since April. As for the reasons why, fundamental analysts quoted in the press cite anything from the positive economic news from Japan to GM bankruptcy. Watch this free 4-minute clip from a video that EWI's Senior Currency Strategist Jim Martens recorded for his intensive Currency Specialty Service subscribers on April 21, when the yen was just picking up speed.
Filed Under: japanese yen, u.s. dollar, usd/jpy, gm bankruptcy
Category: Currencies


Japanese Yen: Guesswork Vs. Forecasting
The opposite of wild guesses is a certainty. Somewhere in-between is a forecast...

by Vadim Pokhlebkin
12/18/2008 4:45:00 PM

You may have heard that this week, the Japanese yen hit a 13-year high against the U.S. dollar. (To currency traders, this pair is known as the USD/JPY.) Apparently, the yen has "gained a reputation as a safe-haven currency during turbulent times…" In retrospect, that's a perfectly good explanation, but could you have predicted the yen's current strength six months ago? A year ago? It depends on how you went about doing it.

Filed Under: japanese yen, u.s. dollar, usd/jpy, forex, Currencies, safe haven
Category: Currencies


Watch Bob Prechter's interview on CNBC Wednesday, Nov. 4. Bob discusses the current juncture, Conquer the Crash II and more.
Robert Prechter on CNBC
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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.