USD/JPY Bullish Momentum Seems to be Fading

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<p>USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main factors that are likely to be the cause; intervention risk, inter-market expectations, and momentum. Watch the key 20-day moving average […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/524338-usd-jpy-bullish-momentum-seems-to-be-fading/">USD/JPY Bullish Momentum Seems to be Fading</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>