Twice over the past two days, we have seen USD/JPY break – yet fail to close above – 158. Which is what I warned of on Friday after the BOJ's meeting. And with US data beginning to roll over, a case for USD/JPY to top out could be building. A small shooting star formed on Tuesday, making it the second over three days and a double top around 158.30.
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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.