New High For USD/JPY, Pricing In The Money Printing!

Currency traders at banks are pricing in the printing! One straight shot to 95 and then a correction? The head of the Bank of Japan is leaving early.

FT:

"The dollar hit its strongest level against the Japanese yen since May 2010 after the head of Japan’s central bank said he would step down earlier than expected, fuelling optimism that a new regime would act to combat deflation and weaken the yen."

What are the DeMark Indicators saying about this chart? Look at the strength indexes.

source: FreeStockCharts.com

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