Menu Close

#USDJPY rally gaining steam but overhead resistance ahead

USDJPY Daily & 4hr Chart

The USDJPY rally is still unfolding after mean reverting after a long time (Daily Chart). The current 4 handle rally is about to run into meaningful resistance at 137.65 so be on guard for a potential initial rejection. A confident close (2 daily candles) above 137.65 good see more USD strength vs the Yen towards 140/142.25.