USD/JPY builds on recent gains and moves closer to the 118.00 handle at the start of the week, supported by rising U.S. Treasury yields ahead of Wednesday's FOMC liftoff.
The Japanese Yen may remain vulnerable to the US Dollar despite Ukraine tensions. High US inflation will likely keep the Fed on its toes as USD/JPY eyes a triangle formation.
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.