Rising Japanese wages bearish for USDJPY
Average wages in Japan rose 0.5% over year in October after a 0.5% rise in September. Will the USDJPY decline?
On 1-hour timeframe USDJPY: H1 is in downtrend, below the 200-period moving average MA(200) which is rising. The Stochastic indicator is in the oversold zone.
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Technical Analysis Summary
|Sell stop||Below 108.55|
|Stop loss||Above 108.75|
Market Analysis provided by IFCMarkets