Carry Trade – Weekly Analysis
USD/JPY is once again approaching an important technical crossroads. After a sharp intervention-driven decline, the pair has stabilized—but the larger bullish roadmap has not disappeared. In a market filled with policy shifts, intervention headlines, and constant speculation, the long-term technical structure has continued to follow the same path. In this USD/JPY Technical Analysis, we reassess the pair through candlestick and momentum signals, major currency dynamics, and the evolving Elliott Wave structure. The key question is whether the recent decline was simply another correction within the larger bullish trend—or the beginning of a more serious change in direction. The next confirmations could determine whether USD/JPY resumes its long-term advance or spends considerably more time rebuilding the structure first. CANDLES Apparently, the recent advance was not strong enough to push USD/JPY decisively back above the critical technical levels. As a result, the pair now has better odds of seeking lower lows in…
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