Declines towards 127.00 amid less-hawkish Fed policy
USD/JPY is demonstrating a less-confident pullback move as the risk profile is extremely positive. A bear cross, represented by the 20-and 50-period EMAs around 130.00, adds to the downside filters. The RSI (14) has shifted into the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered. The USD/JPY pair has rebounded […]