Dollar Bears Back

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!