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Dollar Bears Back

FX:USDJPY   美元/日元
As predicted (see linked article), there was a brief respite in the USDJPY's tumble, marked by a morning star pattern, confirmed by a green triangle on the Kovach Reversals Indicator. Currently, we are in a vacuum zone and both Kovach Momentum Indicators are solidly bearish . Yields are lower, and there doesn't seem to be much on the horizon to lift the dollar weakness ahead of Non Farm payrolls next week, or a major breakthrough on the tax plan.

If you're interested in the Kovach Momentum Indicators or the Reversals Indicator, check them out here!
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