USDJPY - Bearish Model
USDJPY has tested the downward trendline on monthly chart. Now it is testing the rising trendline on daily chart. We are looking for a break put on this daily trendline to confirm the continuation of short trade.
The Bank of Japan is to meet on Tuesday, amid speculation that it is considering changes to its massive asset purchase program.
The dollar dipped against a currency basket on Friday as data showing that the U.S. economy grew at the fastest rate in four years in the second quarter was offset by concerns that trade tensions would act as a drag on growth in the second half of the year.
The Bank of Japan is to meet on Tuesday, amid speculation that it is considering changes to its massive asset purchase program.
The dollar dipped against a currency basket on Friday as data showing that the U.S. economy grew at the fastest rate in four years in the second quarter was offset by concerns that trade tensions would act as a drag on growth in the second half of the year.
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