The daily CCI scenario discussed regarding the EURUSD
pertains the USDJPY as well (but inverse). That is, daily CCI has
increased from below -100, which gives scope to additional gains. In fact,
the last occurrence of the CCI turn to the upside in the USDJPY was on 5/15 at
110.47 (just after the 108.96 low).
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.
