Hindenburg Research, an American short seller, released a critical report on Carl Icahn's holding company causing a 25% plummet in share price. The report alleges inflated assets and unsustainable economic structures, making a classic mistake of taking too much leverage in the face of sustained losses.
Japanese Yen 1Q 2021 Forecast: Key Trend Breaks Hint at Sustained Losses 2020-12-19 04:00:00 Daniel Moss, Analyst
JPY Technical Forecast: Bearish
NZD/JPY eyeing push to multi-year highs after clearing long-term trend resistance. Coming Soon! Download the NEW 1st Quarter Forecast Live on Monday on our Free Trading Guides Page!
The haven-associated Japanese Yen has lost significant ground against the cyclically-sensitive Australian and New Zealand Dollars, falling over 31% and 24% respectively since topping at the height of the coronavirus crash in March. These losses look set to extend into the first quarter of 2021 as both exchange rates breach key long-term resistance.
AUD/JPY Weekly Chart – Break Above 200-MA Hints at Further Gains