The Dollar breakout may be vulnerable as the Japanese Yen attempts to mount a counter-offensive off multi-year extremes. Levels that matter on the USD/JPY weekly chart.
Dollar is trading just below multi-year highs against the Yen with USD/JPY eying 116 for the third time this year. The levels that matter on the weekly technical chart.
Dollar surged more than 3.3% off the December low against the Yen with USD/JPY ripping to uptrend resistance to start the year. Levels that matter on the weekly chart.
US Dollar snapped a six-week winning streak against the Japanese Yen with USD/JPY reversing off technical uptrend resistance. The levels that matter on the weekly technical chart.
A six-week rally takes USD/JPY into a key resistance zone at three-year highs- risk for inflection here. These are the levels that matter on the weekly technical chart.