USD/JPY pair as actually been going bullish for sometime now, However the pair still strive to stay under 125.000, which the market pressure is opposing the momentum in that aspect, well we can say that a rise and fall probably would continue this week. however japan stocks remained lower as losses in construction, rubber and real estate drove the stock down.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1014 to 866 and 3 ended unchanged. USD/JPY was down 0.15% to 123.94. a look at the technical summary suggest;-
Type 5 minute 15 minute hourly daily
| USD/JPY
124.14
| Moving Averages: | Strong Buy | Buy | Buy | Buy |
| Indicators: | Strong Buy | Strong Buy | Strong Buy | Strong Buy | |
| Summary: | Strong Buy | Strong Buy | Strong Buy | Strong Buy |
overall on this we ss a strong buy
