The USD/JPY was coiling for a potential breakout, as investors awaited the release of key US data this week, and speeches by various Federal Reserve officials. Rising bond yields and crude oil prices are increasing the pressure for a bullish breakout on the USD/JPY which for now has been capped just below the 152.00 handle, where it has formed major highs in recent years. But will it now finally stage a breakout to increase the pressure on Japanese authorities to support the currency? The USD/JPY hasn’t one anywhere fast in the last week and a half. But the trend is clearly bullish after rates rose in each of the ... (full story)