Looking at the RSI and the On Balance volume for this relationship some key dates stand out. Since 1992 RSI has trended in an upwards channel. It also had a upwards wedge pattern that has broken to the upside. The channel looks more significant though. RSI tends to peak before the OBV. Sometime after 2004 OBV started to move off a rigid flatline. Since then it seems to move in 5 year periods. Currently it is moving up to a projected peak in 2025. Unless something changes when it crosses a key level before then. RSI has peaked at or will peak at 57.81 and then head back to the bottom of the channel by 2030. The trade is to go short the USD to JPY from January 2025. Otherwise I recommend hedging any investments you have in JPY as the moves it makes are crazy. No wonder it's called the widow maker trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.