A death cross is close to confirming in the dollar-yen chart, a signal that the pair's rapid uptrend may have reversed. The shift favors the yen over the dollar and lines up with the Trump administration's discomfort with the currency's earlier climb.
A death cross is set to appear in the dollar-yen chart early next week, suggesting the currency pair's rapid uptrend may have actually reversed. That uptrend had threatened Japan's economy and was unwanted by the Trump administration, according to MarketWatch.
Upside momentum has apparently swung to the Japanese yen and away from the U.S. dollar, MarketWatch reported.
There are some technical reasons to believe Treasury Secretary Scott Bessent was right when he recently told financial markets that he now controls the game.
Source: MarketWatch (snippet-based)
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