-
Japanese Yen Forecast: USD/JPY Breakout Jumps to Key Inflection Point
The US Dollar surged nearly 5% against the Japanese Yen since the September lows in USD/JPY with a six-week rally ripping to fresh three-year highs on Friday. While the broader focus remains constructive, the immediate rally may be vulnerable in the weeks ahead as the breakout approaches the first major resistance hurdle in price. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. chart In last month’s Japanese Yen Weekly Price Outlook we highlighted that USD/JPY breakout was imminent as price coiled into, “uptrend support here (near ~109.07) just ahead of the ... (full story)