Cyclicality of USDJPY Trends

Readers of Futures Magazine may have caught Ashrafs article about USDJPY on the July issue (initially written on June 18, 2011), making the technical and fundamental case for a lower USDJPY, basing it on cyclical trends in the pair. Due to copyright issues, we were unable to publish the article before the end of July. Nonetheless, premium subscribers to the Intermarket Insights were told of the ongoing short trades in USDJPY from 80 in mid June towards the mid 70s. The 760-word article, written on June 18, ends with the following So far, the outlook suggests the opposite and a return toward 78-75 is the more plausible scenario for the third quarter and remainder of 2011. Premium subscribers can get direct access here: http://www.ashraflaidi.com/products/sub01/access/?a=466 Non-subscribers can become members here: http://www.ashraflaidi.com/products/sub01/