This is why I believe that the USDJPY will continue Bullish. Investors at this time are optimistic about the US-China trade deal so the price of the Yen is at a low price equilibrium. Momentum and MAs all are indicating that bearish momentum will be here for a while. The only thing that could change this sentiment is the US President and Chinese Officials derailing the phase 1 deal.
Current market sentiment - contraction bearish
Current market sentiment - contraction bearish
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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.