Get started
caldooninvestment

USDJPY - Was peaking, Now dipping!

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
caldooninvestment  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY Stocks Forex Cryptocurrency
25
4
trendanalysis chartpattern indicator usdjpy stocks forex cryptocurrency
-Trader confidence has fallen since the Federal Reserve surprised markets last week by being unexpectedly hawkish.

-That has boosted the US Dollar all round and, while it is now off its highs, it continues to look firm against the Japanese Yen.

-There is a warning signal though from retail trader positioning data, which are sending out a contrarian bearish signal on USD/JPY.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.