Japanese Yen Outlook: USD/JPY Trades Within Falling Wedge, Watch for Breakout
Japanese Yen Outlook: USD/JPY Trades Within Falling Wedge, Watch for Breakout 2021-07-21 01:00:00 Daniel Dubrovsky, Strategist Japanese Yen, Majors-Based JPY Index, USD/JPY, Fed, BoJ, Falling Wedge – Analyst Pick Japanese Yen aiming higher, but broader downtrend holds USD/JPY may resume climb on monetary policy divergence The pair is trending lower, but a bullish Falling Wedge brews The anti-risk Japanese Yen has been making a comeback against its major peers, likely bolstered by recent volatility in global stock markets. On the whole, however, the currency remains in a dominant downtrend s...
Source: dailyfx.com