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Japanese Yen Outlook: USD/JPY, EUR/JPY May Rise as Retail Traders Boost Short Bets

Japanese Yen Outlook: USD/JPY, EUR/JPY May Rise as Retail Traders Boost Short Bets
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.

Daniel Dubrovsky , Japanese Yen , Technical Analysis , Retail Trader Positioning , Yen Outlook , Retail Traders Boost Short , Simple Moving Average , Sentiment Charts , Positioning Data Used ,

Japanese Yen Outlook: USD/JPY Month-End Bounce to be Capped as Downside Risks Remain

Japanese Yen Outlook: USD/JPY Month-End Bounce to be Capped as Downside Risks Remain
dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.

City Of , United Kingdom , Spreads Increasingly , Japanese Yen , Yen Outlook , End Bounce , Downside Risks , Daily Time , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஜப்பானிய யென் , யென் ஔட்‌லுக் , தீங்கு அபாயங்கள் , தினசரி நேரம் ,

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 since last year’s peak. On the chart below is a majors-based Yen index, which is fast approaching what may be a descending trendline from March 2020. If it holds, JPY could resume broader declines. ....

Daniel Dubrovsky , Japanese Yen , Falling Wedge , Based Japanese Yen Index , Yen Outlook , Within Falling Wedge , ஜப்பானிய யென் , வீழ்ச்சி ஆப்பு , அடிப்படையிலானது ஜப்பானிய யென் குறியீட்டு , யென் ஔட்‌லுக் ,