ΣL Japanese Yen Composite - 31st October 2023 | @ 77 Days | - 0.54%

Last trade: - 0.54% | 'C' class signal: Sigma-L Japanese Yen Composite (GBP/EUR/CAD/AUD/USD vs JPY). Average wavelength of 77 days over 14 iterations since January 2021. Currently moving up.

ΣL Cycle Summary

This component, heavily attenuated since early this year, just about makes it back on the site due to the excellent stationarity in the preceding period. The most recent cycle iteration has been flat to slightly bullish with the latest trough seeming to have occurred recently. The ongoing weakness in the yen looks set to continue until l…