The pair of USDJPY in recent days has shown its upward momentum, is it the end?
The last few weeks before the holiday may still be at the top of the stock market, but for the US dollar this is no longer the peak season.
Due to the probable extinction of risks from North Korea, there may be a rapid strengthening of Yen against the dollar. This is also implied by the likely halt of growth in equity markets during the holiday season, as well as the weakness of the US dollar, which I wrote in previous articles. In the long run we can observe the formation of the wave structure, where the first wave of the downward wave was a long, short correction wave and there may be a long downward wave before us.
The last few weeks before the holiday may still be at the top of the stock market, but for the US dollar this is no longer the peak season.
Due to the probable extinction of risks from North Korea, there may be a rapid strengthening of Yen against the dollar. This is also implied by the likely halt of growth in equity markets during the holiday season, as well as the weakness of the US dollar, which I wrote in previous articles. In the long run we can observe the formation of the wave structure, where the first wave of the downward wave was a long, short correction wave and there may be a long downward wave before us.
