The USD/JPY made an unusually strong weekly rise last week, closing right on its high at its highest closing price seen in over 5 years. These are very bullish signs, with the US Dollar making a strong bullish breakout and the Japanese Yen showing the greatest weakness of all major currencies putting this pair in focus right now.
I see this currency pair as a buy and as likely to see still higher prices over the coming week as it trades in blue sky.
I see this currency pair as a buy and as likely to see still higher prices over the coming week as it trades in blue sky.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.