The USDJPY extends its cautious gains -Analysis-04-05-2026-May 2024-www.financetom.com

The USDJPY extends its cautious gains -Analysis-04-05-2026

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The USDJPY extends its cautious gains -Analysis-04-05-2026

May 3, 2026 8:29 PM

The USDJPY pair continued to rise in its recent intraday trading, supported by positive signals from the relative strength indicators after offloading the previous overbought condition, as an attempt to correct the main short-term bearish trend.

However, the pair remains under negative dynamic pressure as it continues to trade below EMA50, which limits the chances of a full recovery in the near term.

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