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Yen Technical Forecast: USD/JPY & AUD/JPY Rates Diverging – DailyFX
The Japanese Yen churned sideways last week owing to mixed JPY price action across major FX peers like the US Dollar and Australian Dollar. This has caused USD/JPY and AUD/JPY rates to diverge, but…
JPY WEEKLY TECHNICAL FORECAST NEUTRAL AS DOLLAR-YEN & AUSSIE-YEN DIVERGE
- Japanese Yen outlook turns neutral but still appears broadly constructive
- USD/JPY price action ripped higher last week and could extend its advance
- AUD/JPY faced aggressive selling pressure amid heightened market volatility
The Japanese Yen has appreciated sharply against top FX peers since the start of September. The move seems largely driven by an influx of risk aversion and heavy se…
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