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What the Yen Pairs Are Telling Us About Stock Market's Next Direction

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Market Overview Analysis by Michael Kramer covering: USD/JPY, AUD/JPY, MXN/JPY, S&P 500. Read Michael Kramer's latest article on Investing.com

) 4% surge. Despite Nvidia's strong performance, the broader market struggled, with 342 stocks declining versus just 159 advancing. Risk indicators also climbed, as evidenced by higher readings on the CDX HY Spread index, the 1-month implied correlation index, and the

But if it doesn’t, we might go back to the lows we saw on Monday. It looks like a triple-top pattern , but we won’t know for sure until it either goes above 147.85 or drops below 146.25.is sending a signal, then it’s signaling that the USD/JPY might break lower in the coming days, based on a rising wedge pattern .Along with that, there’s still a giant gap down at 5,200 that needs to be filled from last week’s jobless claims “miss.

 

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