USD JPY Stayed lows during Forex market
8/23/2017 5:10:30 PM
The USD/JPY pair unsuccessful to keep early up-move near the 109.83-95 area and has now floated into negative territory.
Bearish momentum seems to have run out of steam as recommended by the candlestick pattern on the daily chart and a development in the risk reversal. Though, a constant rally to 110.90 and above would need speed up of the yield curve. An end of the day close below 109.10 would be bearish.
FOREX market analysis by FxErvin.