jpy trend
Japanese government has carried out QE for nearly two years. QE should have brought trade surplus. But that would still leave a trade deficit. It is known that Japanese is export-dependent economy. BOJ do not carry out more QE recently.
In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level. For UXY, I do not think 79.30-79.40 will be defeat in coming days. MACD come up with a top-divergence. In the present situation, wave 5 is likely to be failed.
In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level. For UXY, I do not think 79.30-79.40 will be defeat in coming days. MACD come up with a top-divergence. In the present situation, wave 5 is likely to be failed.
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.