USD/JPY: Carry Trade – Weekly
The Dollar made a sudden move on Friday—and whenever the Greenback wakes up like that, the Yen deserves immediate attention. For the carry trade, this is where things get interesting. Was Friday simply another burst of Dollar strength, or is USD/JPY beginning to signal that the balance between the two currencies is shifting again? And if the Dollar is preparing for something larger, what does that imply for the Yen—and for the carry trade built on top of it? In today’s Carry Trade Technical Analysis, we’ll examine the latest USD/JPY candles, momentum, trends, and Elliott Wave structure to see whether Friday’s move was just noise—or the opening note of something much more important. CANDLES The pair went overboard on Thursday and immediately produced a potentially bullish reversal signal on Friday. If the Dragonfly Doji confirms, the Yen could quickly find itself under renewed pressure. At the same time, the weekly…
🚀 Unlock the Full Analysis
Comprehensive analysis, Japanese Candlesticks, Elliott Waves, Technical Analysis, Discord community and more.