$XAUJPY Is Yen Gold Overpriced to USD Gold ?
XAUJPY Someone is selling gold using worthless Yen dollars since 2011 as can be seen by the support line at around 12700 levels. I think it's the Abe government and their central bankers using quantitive easing to cap the upside in XAUJPY. The problem here, is that this has been going on for some time that a pennant flag formation has emerged, indicating a price break out in the near future. If this happens, what does it mean for USDJPY which currently stands at $114.50 Levels ? Lower dollar anyone ?
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