As we look at the USD/JPY over the past couple of months on a technical analysis basis – the clear trend picture is the recent rise and strength of the dollar. Our expectations today are for the bullish trend to continue at least very short term. We have to keep in mind that the longer term is still the main downward trend. There are no economic events today for Japan. The RSI indicator is positive and climbing while MACD is positive and overbought.
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