The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then?
The Japanese Yen is starting to show some resilience against the US Dollar, Australian Dollar, Euro and British Pound. Where to for USD/JPY, AUD/JPY, EUR/JPY and GBP/JPY in the week ahead?
Looming developments in the Relative Strength Index (RSI) may warn of a larger pullback in USD/JPY if the oscillator falls below 70 to indicate a textbook sell signal.