Interest rates have now adjusted to low inflation, and bond yields are near historic lows, so potential capital gains are limited unless deflation emerges.

However it should be kept in mind that the successive center post lows are theoretically allowed at random intervals so low pattern projections are subject to large errors.

The dollar fell to an eight-month low versus the Japanese yen of 85.32 yen, opening up the path toward 15-year lows below 84.82 yen.