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USD/JPY bullish momentum seems to be fading

USD?JPY at risk of a multi-week bearish reversal if 2 day moving average now acting as a key support at 149.30 breaks down.

Japan Services PMI

USD/JPY Bullish Momentum Seems to be Fading

The major uptrend phase of the USD/JPY in place since mid-January 2023 seems to be losing its bullish inertia even though it has recorded a year-to-date gain of +14.16% as of 24 October at this time of the writing, the best US dollar major pair ahead of the USD/CAD (+0.72%), USD/EUR (-0.15%), USDGBP (-1.78%), and USD/CHF (-3.78%).

Weekly Market Recap (21-25 August)

A look at this week’s main developments.

Weekly Market Outlook (21-25 August)

A more tranquil week on the data front.