Revised projections, if we are going down, we might actually go all the way to 75 or lower.
Commento:
The red arrow straight down does not give the timeline estimate for the fall back down. To reach a target of 75 JPY for 1 Dollar I estimate the total time required at 50 business weeks, so say one whole year to reach target that low all the way from 114. This does not take into account any likely delay at every major support level, which might easily add another 6 months to the total for all levels.
Of course, the above only stands when the Dollar keeps falling. The Dollar may recover from all bearish sentiment and make its way back to the top. Or should we start thinking of a new base currency for all pairs? To be continued....
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Of course, the above only stands when the Dollar keeps falling. The Dollar may recover from all bearish sentiment and make its way back to the top. Or should we start thinking of a new base currency for all pairs? To be continued....