USDJPY Outlook A Correction or Reversal of the Prevailing Bull Trend?
USDJPY Outlook A Correction or Reversal of the Prevailing Bull Trend? 2021-04-05 16:30:00 John Kicklighter, Chief Strategist USDJPY has dropped sharply to start the new trading week with the second biggest daily decline of the year While the 109.25 and 110 levels were substantial technical barriers that were hurdled by this pair the past two weeks, the historical midpoint of the pair is overhead at 111.50 What makes the pullback in USDJPY – and other Yen crosses – even more remarkable is the fact that US indices are leadi...
Source: dailyfx.com