USDJPY Wyckoff AccumulationFollowing the Wyckoff logic the USDJPY seems to be undergoing accumulation on the Daily time frame. Demand has been increasing. The downward stride has been broken. After some low volume adsorption a spring has occurred. A change of character can be seen with ease of movement to the upside on the 28th of March with some good volume. Following the low volume pullback going into the Easter break a continuation of this strength can be expected. There has been divergence in the RSI and volume RSI confirming demand entering. Commitment of Traders (COT) report also sees a sharp move to net short positions by commercial interests and hedge funds (See comment section below).
