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Japanese Yen Outlook: USD/JPY Breakout- Bulls Drive For Seventh Day 2021-02-04 17:30:00 Michael Boutros, Strategist Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels Japanese Yen technical trade levels update – Weekly Chart USD/JPY breakout extends into February open Constructive while above 104.18 – Initial resistance objectives in view at 106 Advertisement The Japanese Yen is off more than 0.7% against the US Dollar this week with a breakout in USD/JPY fueling a rally of more than 2.8% off the January lows. The advance is poised to mark a seventh consecutive day and while the broader focus remains tilted to the topside, the advance may be vulnerable in the weeks ahead as price approaches technical resistance just higher. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into NFPs tomorrow. Review my latest We

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