Despite the poor data that came out of Japan, the price action has been telling a different narrative. I'm going to pay attention on this asset until it has reached towards the Weekly objective. I'd like to see the price purge the obvious swing high as noted and fails to push higher to confirm my bias. Fundamentally all the data is supporting for the Yen to have a bearish outlook, but until it happens I'll wait for further confirmation.
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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.