USDJPY skyrockets to new 20-year high above 133.00

From xm.com

video USDJPY is flying towards a fresh 20-year high around 133.30, continuing the strong buying interest that started after the bounce off the 126.30 barrier. The 20- and 40-day simple moving averages (SMAs) failed to post a bearish crossover, changing their direction to the upside. The RSI indicator entered the overbought region, while the MACD is extending its bullish movement above its trigger and zero lines. Traders would be more willing to continue the bullish rally and if there is a closing day above the 133.00 round number then the next stop might be somewhere between the 135.15 barrier, which was registered ... (full story)