"A true speculator tries the market small." - Jesse Livermore
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USD/JPY Price Analysis: A bearish-wedge formation opens the door for a correction towards 113.50
The USD/JPY extends its gains throughout the New York session, trading at 115.00 up some 0.15% at the time of writing. Risk-off market sentiment weighs on in US equities, as most indices fall, between 0.48% and 1.42%, except for the Dow Jones Industrial, which is flat at the day. During the Asian and European sessions, the USD/JPY seesawed around the 114.54-115.15 range. In the Asian session, the USD/JPY spiked to the 115.14 area, though later retreated the upward move, down to the daily central pivot point around 114.50s, where the pair stalled, before resuming the uptrend. The 10-year US Treasury yield closes to ... (full story)
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