Today, I'll have a look at yearly and quarterly Yen charts. Both are covering the period from 1971 to 2015. Since platform's historical data for this pair is currently available from 1986 only, I had to fill in the missing data manually. I've drawn the candles using "Short Line" chart objects.
Following the end of the Bretton Woods System (1971), during which the value of yen was fixed at 360 per dollar, the pair embarked on a long term downtrend which lasted until 1995 (although one might argue that it still lasts). After that, the pair entered a wedge-like sideways consolidation but it did broke below 1995 low in the 2011-2012 period. The low was set near 75 and the pair turned back up from ther…