With the Volatility Index (VIX) posing an intriguing selling opportunity according to Nic Lenoir’s technical analysis on ZeroHedge.com, a large move down in JPY-quoted pairs could be seen over the next couple of weeks if the prediction comes to fruition.
From ZeroHedge.com:
There is one signal we have been pushing consistently when it comes to picking equity tops and that it buying (selling) on bearish (bullish) reversal candles in the Vix outside the upper (lower) Bollinger band. […]