\n\n\n\tJPY USD - 6J - Is the Bottom in? \n\n\n\nJAPANESE YEN FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)\tCME:6J1!\n\n\n\tMaximilianned\n\n\n\n\t\n\n \n \nWoke up this morning to see that the Yen had sold off to multi year lows. While the I've read there is a 'risk off' mentality - then that should make the Yen a safe haven. \n \nSo what else? Well the US Dollar is strong - right now its very divergent. We may have seen the high of the week for the DXY . \n \nThis has had an impact on the Yen vs the US Dollar . \n \nThis is the greatest number of Naked Points Control I've seen the Yen with - you can count them. \n \nThese are the upside targets. Speaking of Point of Control - todays point of control looks to be left behind as a marker for the future return. As they closed above it - and done after hours of the NY Session. \n \nThis is a 'tell' that they plan to move up from here - this should not be lost on anyone, its important. \n \nFrankly I wasn't expecting this move down - but not entirely surprised. \n \nRight now I can't think of a better trade in the Futures market. \n \nTarget for me - not being greedy .0089755 - target number 2. From there I'll look at it and decide the momentum will carry us higher. We were there October 6th . \n \nCaveat here is if they take out todays Point of Control - the move down may continue or least least spend another couple of days down here accumulating. \n \n CME:6J1!