USD/JPY OUTLOOK: • The dollar index against the yen rose at the start of the week, boosted by rising U.S. Treasury rates. · Bond yields on 2-year and 10-year bonds reached levels not seen since July of this year earlier in the trading day. · The Federal Open Market Committee's rate decision and forward guidanc...
USDJPY after continuing long terms upper direction, this currency pare moving sideways 113.300 to 114.400 level with high wave. Last of all it creates a clear Bearish Engulfing pattern that confirm us short position for a certain period. We should take decision to short USDJPY at the price 113.200 and risk level should be 113.100 Expected target will minimum 112.00
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