Most of the day the Yen/USD traded lower breaking the 200 Moving Average through the day - first time its done this since this ramp up started.
Highlighted in hot pink you can see the points of control notice that most the business was done at lower prices today , but closed higher into the S&P / Nasdaq close.
Divergence remains - still time in this trade, thesis remains, lower prices ahead.
One point - US dollar is on the cusp of braking an almost 10 year trend line - if this fails then all bets are off.
6J1
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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.