The Japanese Yen has begun to gain again on the US Dollar once more, with the Federal Reserve’s apparent willingness to keep interest rate cuts on the table, despite last week’s good news from the labor market, providing the fundamental backdrop for this latest bout of Greenback weakness. Technically, USDJPY’s short-term daily chart bias would appear to be to the downside too, if not quite conclusively yet. The pair is flirting with a break of a quite well-respected uptrend line which has so far market the bounce seen from the effective 2019 lows reached in late June. Clearly a daily or weekly close below that line ... (full story)