Does the irregular rise in USD/JPY indicate strength?
Hello. Good evening.
This is Akihiko Koba.
Today is USD/JPY.
“In the situation where the euro, pound, and aussie are being bought and the dollar is being sold, the USD/JPY remains firm due to yen selling,”
Then, as US Treasury yields rise, those risk currencies are sold and the dollar is bought, causing the USD/JPY to rise.
The decline in the adjustment phase ends in a short period, and before forming the anticipated downward wave, the next upward wave seems to have begun.
(Looking at the daily chart, it seems not to have adjusted enough) This does not look like an extension of the 5th wave, so should we interpret this as forming the first wave of a 3rd wave?
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