USDJPY just reached our 140.74 target from three weeks ago [see: Analog Update Aug 5, 2019.]
continued for members…
Keep in mind this is the same level which has prompted a sizeable bounce two previous times.
Seeing as how ES is currently off 40 points and is nearing its SMA200, there’s a fair chance USDJPY will break down to 101 this time — though our analog suggests Friday was the low and tomorrow will see a nice bounce. I have ES and SPX tagging their SMA200s again in mid-September — ideally around 9/11-9/13.
More in the morning…