Chart mirrors 07–08 setup last hope for bears…
It's all about Japan and the risk of the unwinding carry trade.
The current head and shoulders pattern looks similar to the one in 07/08 and, imo, is one of the most important charts right now. Probably the last hope for bears in the short term.
Yen carry trade at serious risk. pic.twitter.com/jf1xel4TbD
— Guilherme Tavares (@i3_invest) July 3, 2025
JP40Y , good luck BOJ pic.twitter.com/6sGXurbfwm
— Guilherme Tavares (@i3_invest) July 3, 2025
Hi Paul, the trend remains to the downside, the chart below (USDJPY) could be a possibility. pic.twitter.com/cjj2M3ufEG
— Guilherme Tavares (@i3_invest) July 3, 2025