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May 06 - 01:55 PM

USD/JPY - Some Troubling Signs Emerge For Longs

By Christopher Romano  —  May 06 - 11:40 AM
  • USD/JPY rallied to a 5-session high of 130.80 on EBS but gains faded

  • Softer US ratesEDM3US2YT=RR help drive broad based US$ weakness

  • USD/JPY briefly turns negative, is just above flat into Europe's close

  • Daily gravestone doji candle forms, daily RSI diverges on the new high

  • Daily tech signals warn longs that a corrective pull back could be due

  • For more click on FXBUZ

usdjpy Click here

Refinitiv IFR Research/Market Commentary


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