JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

In the chart below I plot JPYUSD over time. It’s pressing 1.00 as we speak. Over the past 30 years it’s spent very little time above 1.00 (green), but plenty below (red).  Moreover, 1.00 has acted as a very important…