The Yen has enjoyed a rare period of strength of late, with falling inflation levels bringing US CPI below the headline rate in Japan. That has brought some buying pressure for the Yen, which has enjoyed its best two-week period of the year thus far. That being said, European inflation remains an issue that is yet to be solved. Thus, the pullback into trendline support for GBPJPY, EURJPY, and CHFJPY look like bring potential opportunities as price threatens to reverse upwards once again.
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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.