This's a snapshot of a weekly US-Dollar <-> Japanese Yen chart. I've been waiting for a month now (since the 3rd solid blue bar from the right) for what just happened yesterday. See the vertical gap? That's called, in typically high-falutin' trader-speak, "gapping down", and is generally the result of traders with pent-up demand to pull the trigger on something all rushing to do it at the same time, sorta like "on your marks, get set, wait for it! wait for it! wait... go!".The market's been waffling over whether or not we should be having a bear market vis-a-vis the USD or not, with most pressure downwards. Now that Russia has come stating it'll price oil in both Euros and (US)Dollars, with the implication of pricing its oil solely in Euros sometime in the future if it doesn't cause too large a diplomatic row, and with the IMF being asked to request for China to allow the yuan (CNY) to float, this could be the beginning of the end for the post-WWII dollar regime that's been around since Bretton-Woods collapsed.
Or not. The charts never lie, but nor do they predict (ever).
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