Wed, 23 Jul 2014 06:55:33 GMT
USD/JPY 1H Chart: Rising Wedge
The Hong Kong Dollar was not the only Asian currency that lost some value against the greenback in the second part of July. The U.S. Dollar also managed to notably solidify its position against the Japanese Yen by entering a 64-bar long rising wedge pattern on Jul 17. However, in contrast to USD/HKD trend, the upturn of USD/JPY is not likely