Bearish mean reversion kicks in for USD/JPY
Its bullish trend struggled to gain any traction above 158, and now momentum has finally turned against USD/JPY bulls. A retracement is now underway, but as to how deep really comes down to whether incoming US data continues to soften to bolster Fed-cut bets, or if the BOJ get their hawkish skates on.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.