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  1. USD/JPY in Oversold

    by , 09-05-2019 at 02:51 PM
    US Dollar weakness and a general push toward counter-cyclical perceived haven assets have seen the Japanese Yen break through an important barrier against the greenback. However, Yen bulls have yet to nail down their gains and they may yet lose them if they canít do so this month. At the start of August, USD/JPY slipped below an important medium-term monthly-chart uptrend line which had previously held since May 2016. It didnít remain below it for the entire month but did close out underneath, where, ...