USDJPY topped twice around the 146.40 barrier from last November, but a negative trend reversal cannot be warranted yet. The RSI has changed direction to the downside after peaking near its 70 overbought mark, while the MACD has slowed down in the positive area. Still, the latter has not crossed below its red signal line, while the Stochastic oscillator is poised for an upside reversal soon after retreating below its 80 overbought level, witnessing some persisting buying interest. Sellers might wait for the price to drop below 144.90 before they initiate a new bearish cycle. Some may even wait until it falls below ... (full story)