Rising Japanese wages bearish for USDJPY
Average wages in Japan rose 0.5% over year in October after a 0.5% rise in September. Will the USDJPY decline?
On 1-hour timeframe USDJPY: H1 is in downtrend, below the 200-period moving average MA(200) which is rising. The Stochastic indicator is in the oversold zone.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 108.55 |
| Stop loss | Above 108.75 |