The Japanese Yen stopped falling before it could drop below the 200-DMA (110.30 JPY per USD) this week. What’s more important for technical traders is the patterned developed known as the evening star pattern that resulted in an unwind of the JPY short trade and a drop in the pair. What traders should be aware of is that JPY strength has already been prominent against other currencies like the British Pound, Euro, and Australian Dollar. Additionally, looking below at the scorecard utilized for the FX Overbought/ Oversold report shows US Dollar as one of the strongest currencies specifically against three currencies, ... (full story)