Japanese Yen Short-term Outlook: USD/JPY Three-Week Surge Stalls – Breakdown Risk Builds.USD/JPY has cooled after an aggressive three-week advance that carried the pair back toward major resistance. Momentum improved during the rally, but buyers were unable to sustain gains at key highs, leaving price vulnerable as it slips toward the lower boundary of its ascending structure.
US Dollar Price Action Setups into CPI: EUR/USD, USD/JPY, Oil.I think the Oil trade still holds sway over larger macro themes and over the past couple of weeks, there's been a shared relationship of higher oil prices and a stronger USD although I think that relationship might be a bit misunderstood.