© Dukascopy Bank SA
However, in contrast to USD/HKD trend, the upturn of USD/JPY is not likely to end before long given the SWFX sentiment. The SWFX indeed data boosts optimism – two traders out of three hold long positions even at a time when the 50-hour SMA at 101.41 pressed USD/JPY to the pattern's support line and is likely to act as a formidable resistance if the pair attempts to materialize traders' expectations.
© Dukascopy Bank SA