Normally the UsdJpy rises with rising stock markets. However price is having difficulty rallying to new highs on this weekly chart. Is it a sign of things to come? Is risk aversion slowly seeping into the markets? Only time will tell. We as technical traders must be prepared for when there is a 'tell' in the charts as to what price is going to do
Comment:
Price rose today. No technical damage has been don on this weekly chart. I am still looking lower