I'm not sure having Mrs. Watanabe come into the market is a good sign.
From the Telegraph:
Gold has roared to a fresh 28-year high of $760 an ounce on the fears of global currency disorder and a surge of buying by Japanese investors using exotic trading signals.
Traders reported a sudden of burst of activity on the TOCOM gold futures markets in Tokyo as the price broke through the psychological barrier of 3,000 yen (£12.49) per gramme, the measure used by the Japanese to trade gold.
The country's irrepressible grannies and housewives rely heavily on Ichimoku 'cloud charts', which have issued a powerful buy signal in recent days....MORE