The Pacific Will Be Our Theater of War

On a nightly basis, Members have been honed in on the price action of the Japanese Yen, as it is usually inversely correlated to equities and, indeed, global risk appetite. 

Specifically, we have been keying off the Dollar/Yen cross, where the Yen is the denominator and the chart can move directly with equities, for example. 

But to simplify things, note the Yen ETF daily chart, below, as the narrowing triangle consolidation looks to be resolving higher this morning. The Yen is making a better case now for a major bottom, which is likely to continue to pressure equities on all timeframes. 

With this breakout, the key now is to have a specific game plan as to determine if the move is just he beginning of a new leg higher. I will be fleshing that out on the Members feed this morning.