From economiccalendar.comUSD/JPY is little changed from last Friday's close in today's trading, currently holding near the 111.31 level. Last week's trading was capped off by a move to the downside in the pair as the yen gained ground following the release of Japanese inflation data. Trading is expected to remain relatively uneventful over the near term, with the financial markets closed in the US, UK and China today. As a result of the decline, USD/JPY appears to be in the process of breaking down from a bear flag formation that took shape following the plunge on May 17th which took place following headlines regarding political turmoil in the US. A ... ( full story )
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Forex Trading Signals - May 29, 2017
There's neutral across the table for the Euro/Yen, but the almost 25% long interbank stance s bullish. The Cable's hourly studies are mostly green, mid term shows mixed results and outlook is bearish in the long term. The less than 2% short interbank stance is neutral. Mid and long terms both have an even number of 4 sell and 4 neutral signals. The less than 5% long interbank is neutral.
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