CVecchioFX3e

USD/JPY Bearish Rising Wedge (Daily)

FX:USDJPY   Dólar estadounidense/Yen japonés
The decline in both US Treasury yields (US10Y) as well as Fed rate hike expectations (GEN2021-GEZ2023) is proving to be an albatross around the US Dollar's proverbial neck. It's possible that price action in recent months has taken the form of a bearish rising wedge on the daily chart, suggesting that USD/JPY rates may have more downside ahead. To this end, more weakness in USD/JPY rates will likely enfeeble the broader DXY Index's attempt to breakout of its multi-month symmetrical triangle.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.