By Peter Stoneham — Jan 03 - 06:50 AM
The New Year starts with big swings in USD/JPY leading to a Doji star
If held into the closet he star candle could warn of market indecision
Rebound from an eight month low, 129.51, could ring alarm bells for bears
Daily momentum remains negative, below the zero line since Nov. 3
However, a strong close could trigger a squeeze back to the 134.40-50 area
The 10 day moving average is at 132.40 and today's high currently 131.40
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Source:
Refinitiv IFR Research/Market Commentary