 Let's jump over to our man, Teddy Kegsdad. Folks, you can check out Teddy's work every Monday. He puts out a new issue of the Tiger Forex report right under the Newsletters tab on the front page of TFNN. He puts out updates when warranted, when you subscribe, like any newsletter at TFNN. Folks, you subscribe, it's $97 for the month, okay? But you come with a 30-day money-back guarantee, so you don't like it. At the end of that 30-day period, you cancel, we'll refund that $97, you get the newsletter for a month, you also get a 60-minute webinar. Forex strategies and fundamentals, what is behind the Tiger Forex report. He breaks down the markets, he breaks down the variables that he looks at for the pairs. It's a great service, folks. It's a great webinar, check it out. And let's just jump into it. As we got quite a day, Teddy, good morning, man. Good morning, where do you wanna start? Let's start with the yen. What do you think of the yen? As I had to piece it together this morning as I woke up so the Bank of Japan stay in pat. Is that the deal? Well, they are right now, but we've been talking about this now for the past couple of months. You have a new prime minister and now you also have a new Bank of Japan chairman coming online in a couple of months. That's when they're gonna do stuff. They're gonna wait for the new guy to come in, most likely. There's no, they're in no hurry. It's not like they're in a hurry, considering how long they've been, where they have been, you know? So, I mean, overall, this is something we've talked about. I mean, even my predictions for the year was, the Japanese yen is gonna be definitely probably a very strong currency versus the dollar. So in the dollar index, like right now, today especially, you have all the currencies crushing the dollar, you know? I mean, you have new lows in the US dollar, Swiss, you have new highs in the Australian dollar, you know? US dollar, I mean, the pound especially, like that balloon underwater rally today, like going into those highs right now where it's at, that's very impressive, you know? So, and you gotta remember that the Euro, it's really just fluttering. That's the one that had been leading the charge on the dollar index for the past, especially a week. Going in today, if you look at it, it's just floating right below the highs that it hasn't been able to breach for the past few sessions, you know? So that's pretty much exhausted, I think, you know? And that shows that, you know, I told you that this is the year you're gonna see a lot of divergence and I think you're gonna start to really see that now. I mean, the yen was up very, US dollar yen was up very strong today and then all of a sudden it fell apart, you know? Because the market's buying into this reality that the Japanese are actually gonna start doing something. Negative interest rates are, those days are gonna be over, you know? So now they're not gonna be as aggressive as our Fed or other central banks around the world, but that's irrelevant. The fact that we know that they're coming off their lows, that's a big deal for the global investment community because it's stronger for the Nikai, you know, it's stronger for their bond market, you know? So you're gonna also have a lot of Japanese investment. You gotta remember to Japanese invest globally. A lot of Japanese are gonna be investing in their own markets too because they're gonna expect to see a growth for sure, you know, especially in the stock market there, you know, and also in their economy. I mean, their inflation is not nearly what we've been dealing with, but we've talked about that already for months about how, you know, where we have rapid inflation, things aren't like that everywhere in the world, especially in Japan. They actually were very isolated from the most part during 2022 and even 2021, you know? But now it's started, the global inflation is something they can't, that they're not insulated from that. And I think that's what you're seeing as far as where that inflationary growth is in Japan, you know, but as the yen gets stronger, and I think it will versus most other currency pairs as well, like I don't think it's just gonna be a US dollar yen trade. I think you can take the yen versus most currencies and over the next six months, especially after this new bank of Japan chairman comes in, I would not doubt that the market itself is gonna be betting on a stronger yen period, you know? Yeah, I mean, you look at the chart, I had it up earlier and I just pulled it up right now, the yields, you know, the 10 year yield of Japan versus US, Germany, UK, Australia, just remarkable that it's sitting basically at negative prices still as we are, even Germany above 2%, but we're chopping around as we know about 3.5% the rest of those countries. Just remarkable when you take a look at it in terms of where we are. What did you think of the numbers this morning? Just because we got some retail sales, we got some producer prices, declining retail sales, producer prices dropping as well. What did you think of those tying into obviously the move in the dollar man, kind of influencing some of the action for sure? Okay, well the drop in retail sales, I think that's pretty easy to figure out. I mean, we've had so much inflation going on over the past two years, people are out. I have to say, I think people are pretty much exhausted, not just from the inflationary environment, I think their pocket books are as well. I mean, I remember over how the holidays were, people were out, but they were really only out really on Christmas and Christmas Eve, New Year's Eve, New Year's Day. There wasn't like, I mean, the weekends would have some business at the shopping malls, but overall, people weren't really out. And like this past Monday, we had Martin Luther King Day, you would think with the kids out of school and whatever, people would be out running around doing stuff. And I have to say, I went out to office max at like 11 o'clock on Monday to go pick some stuff up. And I pull up in the parking lot and there was nobody there, the best buy next to it. I mean, there was like no cars in the parking lot. And I'm looking around like, okay, I can see it where people are sleeping in, but there was nobody and all day it was like that. There was no traffic, you know? So people aren't going out and running around like, they're not aimlessly doing that. And I think also that their spending habits are starting to change, you know? I mean, it doesn't take a rocket scientist when you go to the gas pump, you know? And I think people are afraid of higher gas prices and that's coming as well, you know? I mean, so, and you look at their expenses, you know? You can say that, you know, the Fed was saying inflation was transitory months ago. Now we know that they don't say that anymore. But the reality is, is the average person, I think is under a lot of strain, you know? And especially look at all the people that probably bought cars in the last year and a half too. Yeah, it's tough. I mean, you want to talk about getting crushed, you know? Hopefully you didn't buy a Tesla, but go ahead. Yeah, oh well, a Tesla. That price reduction, that's really what I'm talking about that price reduction, how about that one, right? I was reading a story about the poor people folks that bought it over the last couple of months. One guy was supposed to take delivery in January, Teddy, and they called him in December and said, hey, guess what? We can actually get you that car December, right around Christmas. He said, oh, fantastic. He took delivery and then they lowered the price in January when he was actually going to get the car. And they're just like out of the woodwork. Yeah, cars, everything. Let's jump to crude if we can. You talked about gas prices, man. We're above 82 bucks as I talked to you, up almost a buck, 75. And yeah, I was talking about earlier in the program, part of the number is the reason why they're coming down, or gas prices, already versus last month, we're up 21 cents versus this time last month. And it feels like we're almost even on our way even higher than that, but that's the number in terms of where we are already, almost 25 cents higher. What do you think of the price of crude? Well, I think the price of crude's going higher. We have a buy signal that was triggered yesterday after the club, with the yesterday's close. You have a reverse head and shoulders formation. So I think we have a solid base bottom. We set a low in December and I think that was the head and now we're going to start trending higher. We're hit the, you know, this last pullback, excuse me, with this higher move low. You know, if you think as far as like in a wave theory, you had your first wave that began, we have the first retracement. Now we have in wave two, the wave three is going to be the big wave and that should take us definitely back, I would say around the $90 marker even more within the probably the next few weeks. What's your take Teddy on China in general? I know there's a million impact, you know, variables that go into crude, especially, but a lot of the talk about China, what's your take of China, you know, open it back up? Cause now all the rhetoric is, you know what, they might be over the hump already and I'm surmising of course, but what's your take on how China comes into that crude price? Well, I think short-term that's definitely a demand for, I mean, for that should drive demand. I would think, you know, at least in the short run, you know, especially cause, you know, I mean, a green new deal is something that the Chinese really don't care about. You know, shelf-holding the electric cars, yeah, that's not happening. Yeah. You know. Well, Teddy, I appreciate the conversation, the time as always, man, and I look forward to talking next Wednesday, man. You have a great week, we'll talk to you Wednesday. Too timing, take care, thank you. Okay, take care.