USD/JPY technical analysis
I have been quite vocal about a potential bearish reversal on USD/JPY in recent weeks, given the extreme bearish positioning on Japanese yen futures and more recently hawkish comments from a BOJ member, If US data continues to soften, the case for a lower USD/JPY builds. Especially if this weekly bearish reversal on USD/CNH continues to play out.
I have been quite vocal about a potential bearish reversal on USD/JPY in recent weeks, given the extreme bearish positioning on Japanese yen futures and more recently hawkish comments from a BOJ member, If US data continues to soften, the case for a lower USD/JPY builds. Especially if this weekly bearish reversal on USD/CNH continues to play out.
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