USD/JPY Breakout Trigger Downtrend Line Breakout The USD/JPY has continued slightly higher on this bank holiday-effected start to the week. The move is less then spirited despite the Dow closing at a new all-time high. It should be mentioned that the bond market is closed for Veterans Day.  This strength in equities would normally be a catalyst for yen weakness as the risk ON trade would trigger yen selling/borrowing carrying into equities. This post-NFP environment is feeling a little lethargic after Friday's 168 point rally. The 200 period simply moving average on the daily (200DMA) has been dynamic ... (full story)