Carry Trade – Weekly Overview
Dollar vs. Yen has reached levels not seen since 1990, turning the latest move into a historic macro event. The key question now is whether USD/JPY is approaching a major top, or whether this breakout is opening the door to an even larger currency-market shift. In this analysis, we assess the evolving dynamics across the major currency markets, review the underlying technical signals, and outline the scenarios that could shape the next major move in one of the world’s most important exchange rates. CANDLES No surprises this week. The Dollar continued to advance, and the monthly frame remains on track to reject April’s weak bearish signal. USD/JPY is bullish across all tracked frames. ELLIOTT WAVES The long-term targets for USD/JPY remain intact. The pair may have completed waves i and ii of 5 and started wave iii. Summary USD/JPY remains firmly bullish across all tracked frames, with the Dollar continuing…
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