USDJPY - signs of downside capitulation now on display.
USD/JPY finished flat overnight at 142.36 (-0.07%), bouncing back from an intraday low of 140.71 in response to US inflation data, which bolstered US yields.
The rebound has left signs of downside capitulation at the 140.71 low, supported by bullish divergence on the RSI indicator, opening the way for a recovery back towards 145.50ish.
The rebound has left signs of downside capitulation at the 140.71 low, supported by bullish divergence on the RSI indicator, opening the way for a recovery back towards 145.50ish.
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