Reason: Seasonal factors. Historically, July is a strong month for the Yen, while August and September are weak months for the Yen.
Current Situation: After breaking the downtrend, Yen futures are currently facing resistance.
Outlook: Yen futures are expected to resume their downward trend next week.
Current Situation: After breaking the downtrend, Yen futures are currently facing resistance.
Outlook: Yen futures are expected to resume their downward trend next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.