This could be a Yen thing!

In the last post, I thought that the CAD/YEN'S chart looked appetizing simply because of the technical look to it. Below is a chart of the Sterling/YEN...

Very inner-esting (gotta love those triangles!):



Now the news out of merry olde England has been much better lately. Whether that lasts is a different story. There are some serious news events scheduled for this week out of the UK, but judging by the chart, it looks like investors are happy with the Sterling...OR are they just UNHAPPY with the Yen?

Take a look at the Euro/Yen chart. This 4 Hour chart closed at it's high and broke significant resistance dating back 6 months. (I have to believe that the treasury department of the Japanese government would like nothing better then to see this trend continue.)



My trade triangles don't tell me anything about the Yen spot, but just like the CAD/YEN, this bullish bowl formation exists on a few of the Yen crosses.