USD/JPY Divergence: Understanding the Yen’s Resilience Amidst High Yields
USD/JPY experienced a slight uptick recently, yet this appears to be merely a temporary spike. Despite the higher US yields, the Japanese Yen shows remarkable resilience, suggesting a potential loss of momentum in the pair’s upward trajectory.
The recent price action points to a developing five-wave move up from December’s lows, indicating that a completion of this recovery phase may be underway. Traders must closely monitor these signals to navigate upcoming market opportunities effectively.
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