USDJPY dollar dominance
Dear reader,
I think that the charts speak for themselves, this paired with additional strength coming from fundamentals. Looking at the U.S. dollar (strong U.S. Market) higher yields stronger DXY day in day out, lack of stimulus from the JCB (Japanese Central Bank) I think the bigger picture is clear as water where this is going.
The peak below the support trend line was because of a risk interest rate change for the JPY which eventually didn't go through.
From a technical standpoint we had 3+ days to the upside, I think a retracement to the FVG is a right entry point. Moving further to the upside.
Take care
Kevin
I think that the charts speak for themselves, this paired with additional strength coming from fundamentals. Looking at the U.S. dollar (strong U.S. Market) higher yields stronger DXY day in day out, lack of stimulus from the JCB (Japanese Central Bank) I think the bigger picture is clear as water where this is going.
The peak below the support trend line was because of a risk interest rate change for the JPY which eventually didn't go through.
From a technical standpoint we had 3+ days to the upside, I think a retracement to the FVG is a right entry point. Moving further to the upside.
Take care
Kevin
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