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FX Technical Highlights: JPY trying to find support
A few highlighted charts as a fairly inconclusive week draws to a close, particularly disappointing, given that this was FOMC meeting week. USDJPY – JPY crosses possibly pivotal after bond market consolidation The JPY may have bottomed out here if the sharp consolidation in global bond markets has done likewise, and if equity markets roll over and jaw dropping complacency in risk conditions mean reverts, it could add a bit of energy to a fresh bout of JPY strength. Already we are seeing signs of the momentum rolling over in USDJPY if we have a look at a simple slow stochastic momentum indicator, although the entire ... (full story)