USDJPY moved slightly to the upside on Friday, but it was mostly just a spike, despite higher US yields which raises the question of whether the pair is starting to lose momentum. The price action clearly shows a potential five-wave move up from the December lows, which could now be ready to complete its recovery. […]
The post Serious Divergence Between USD/JPY and US Yields Explains the Strength of JPY Due to Risk-off appeared first on Action Forex.
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