USD / JPY closed over Ichimoku cloud and officially back into the bulls territory by another criterion.
An additional reason to expect a new raise in the pair is the last active formation 1 2 3, after a correction that ended.
Fundamentally, the dollar loses its power against the pound and the euro, but remains stable, and the other end is JPY, where net short positions are on the rise and the trend is likely to remain, as the fear on the stock markets is apparently totally missing at least for now.
Chart: Used with permission of Bloomberg Finance L.P.
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