Yen: Major Low Due Feb 13/14, 2012

Major long-term cycles and fibonacci time projections for the yen line up for a turning point in the 2/13 to 2/15/12 time-frame, ideally on 2/14. Since the yen is trending down into this time window, it should mark an important bottom. The current chart pattern looks very similar to the rising wedge pattern in the 1990-95 period, which ended with a powerful 3-month blow-off out of the top of the wedge before the final top and major downtrend ensued. If this analog continues, the yen may have a 20 to 30 point rally into June 2012. Tracking exactly with 1995 low, the yen may rally for a few weeks and pull back for a basing period through mid March 2012 before the largest rally phase occurs. Time will tell. Posted are two charts (a monthly and a weekly) with additional analysis annotated on each.

Kim Rice 2/9/12