USDJPY - Consolidation before Short?
If stars align, risk aversion should continue supporting a potential short in the equity markets along with a weaker USDJPY, and stronger USD across the other majors. While I'm not taking a short just yet, this is just a setup that I will be monitoring over the next few weeks. Fundamentally, there aren't many reasons for equity bulls to keep pressing higher highs, and any negative news could quickly spiral the into a selling frenzy.
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.