Is Yen Bullish, Foolish ??

. Japanese govt and businesses doesn't want a strong Yen.
. And also because any repatriated profits from abroad is discounted as yen strengthen.
. However, as one of the rare Trade surplus countries,
. It's considered a safe haven currency.
. Global investors seeks refuge in it.
. However, Jap's finance ministry has come in strongly to intervene
. Just as the Swiss.
. The author of this Forbes article, although expect Japanese to intervene
. Sees a continuing strong Yen.
. Kathy Lien, a Forex analyst, says this time round though , Japanese govt
. Has a stronger war chest to fight Yen's strength.
. Technically, USDJPY has been in a ling down trend.
. With a visual of actually breaking out and upwards from the trending down ranges.

http://www.forbes.com/sites/shawnbaldwin/2011/11/10/yen-pin/