Macro Pig

Macro Pig

Bulls make money. Bears make money. Pigs get filthy rich.

Bulls make money. Bears make money. Pigs get filthy rich.

USD/JPY — Yen Carry

Structural View

Long-term USD/JPY chart showing the secular decline, 2008 low, and long-term reversal

Current Structure

USD/JPY current structure chart showing an intermediate topping zone and tactical invalidation near 152

Summary

View: Bullish / Yen Carry

Expected Path: Grind higher → #3 high/pullback → recovery → final wedge high

Confirmation: Continued higher highs while the multi-year rising structure remains intact

Invalidation: Sustained break below 140

Timeframe: Multi-year

What I’m Watching

Sequencing between USD/JPY #3 high and Nasdaq.

~152 as a potential stabilization level following the #3 high / policy-driven pullback.