USD/JPY Update

To me this looks like a closing ramp job is coming up, look at the carry pair.

USD/JPY intraday , we have a beautiful negative divegrence in to the late morning highs sending the pair lower, but look to the far right , there's a very fast building and large positive divegrence leading exceptionally well.

This is not a strong divergence in that it's very small (time / duration), but it's very strong in that it looks like a bunch of intraday flow was thrown at it very quickly, the only reason I see to do that is to cause the market an End of Day Ramp.

Again, the ramp doesn't have much gas in the tank, the divergence would need duration, but it should have volatility/ intensity.

Remember that when it materializes.