USD/JPY Signal - USD 7 Year Note Auction - 28 Sep 2021

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis supplyanddemand indicator usdjpy usd yields bonds forex forexsignals freeforexsignals

USDJPY has bearish divergence prior to the USD 7 Year note auction, which shows the yields on the US Government backed security. Technically the pair has been in a bull market, however the RSI is showing strong bearish divergence and the ADX has dropped showing the trend has lost steam. We anticipate a retracement into support.

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