Japanese Yen Is Trading At The Support

2023년 7월 10일

Japanese Yen has been one of the weakest currency in the last couple of months. But, looking at the JPY Futures chart, we can see it finishing a larger A-B-C corrective decline, while it's trading at the support, which can cause reversal and recovery for the Japanese Yen.

Even COT data of the japanese Yen shows extreme levels for Large speculators (green). It means that we may see some slow down of a current bear move, or even rally in the months ahead.