The Japanese yen’s decline might be over as the USD/JPY chart shows three reversal patterns: a bearish RSI divergence, a triangle as a reversal pattern, and a rising wedge. The USD/JPY was one currency pair that rallied during the COVID_19 pandemic. It kept advancing for more than a year until it found stiff resistance at the 116 area. One reason to keep an eye on the Japanese yen is its safe-haven status. In times of uncertainty, it tends to appreciate, as Japanese investors repatriate funds kept overseas. As such, the war in Ukraine provides a fundamental reason to own the Japanese yen in March. How about technical ... (full story)