Looking at market positioning, I outline why I think futures traders are anticipating a stronger Japanese yen in the coming weeks. Though as you'll see on the daily charts, momentum is currently against yen bulls with USD/JPY lifting from its range lows and both EUR/JPY and GBP/JPY eyeing bullish breakouts.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
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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.