Graph of Yen To Buy 1 US Dollar: Money Changers In The Temples of the World

Japanese Yens to 1 US Dollar

This graph is in linear, read historical, time. The dialectic is in play. As the Yen goes up, the dollar goes down. Eric Packer is not observing the Yen in this format. He is watching numbers scroll across a screen, a flat screen, but never flat enough. He watches for patterns that mime the patterns of different processes in nature: cicadas, grasshoppers, perhaps wave theory or other mathematical formulations. But still the natural processes occur in linear time. In linear time what goes up must come down.

Throughout the day Eric Packer will become aware that he is in virtual reality, real time. The numbers are circulating globally. They are not necessarily moving up and down. In fact the Yen keeps going up. It is going beyond its resistance levels. If you look at the graph you can draw a line crossing the highest peak and the lowest peak. In a given amount of time this is a resistance level. The Yen moves but does not break the resistance line. Except when it does. And then there is a break out or a break down. But on this day in April, Eric Packer, the currency trader, the money changer, watches the Yen go up, then continue up and continue up.

This graph is current as of May 15 2011. About 3/4 of the way from February 25 to March 28 the Yen dropped to 79 Yen to buy 1 dollar. Between March 28 and April 26 it took around 85 Yen to buy one dollar. So if you bought Yen at 79 to 1 dollar and sold the same Yen between March 28 and April 26 you would have made 6+ Yen on each dollar. 1 thousand dollars would have bought 79,000 Yen and then when you sold you would have made 6,000 Yen gross minus expenses of trading.

It charts, he says. Over and over. It charts.  Only it doesn't. The more he borrows the higher it goes. Surely traders are watching Packer Capital and following him, copying his trades. If Packer Capital is borrowing, he must know something. The more people copy him and borrow Yen, the higher it goes. So the more money changers are going to be driven from the temple of Wall Street and the exchange temples all over the world. Untold numbers of them will go broke.