USD/JPY: A Potential Medium-Term Bearish Reversal in Progress

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<p>Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Watch the 150.30/70 key medium-term resistance zone. The relentless medium-term impulsive upside movements of the USD/JPY in place since the [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/528084-usd-jpy-a-potential-medium-term-bearish-reversal-in-progress/">USD/JPY: A Potential Medium-Term Bearish Reversal in Progress</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>