USDJPY experienced strong losses in last intraday trading, with negative momentum and reduced chances for recovery on a near-term basis
The (USDJPY) declined in its last intraday trading, amid the dominance of steep bearish sub-wave on the short-term basis, indicating the strength of the negative momentum, especially with the continuation of its trading below EMA50, besides the price success in offloading its oversold conditions on the relative strength indicators, intensifying the negative pressure and reduce the chances for its recovery on the near-term basis.
Origin: Economies
