USD/JPY appears to have reversed course ahead of the October 1998 high (136.89) as it extends the decline following the Federal Reserve interest rate decision, and recent developments in the Relative Strength Index (RSI) warn of a larger pullback in the exchange rate as the oscillator falls back from overbought territory to indicate a textbook sell signal. USD/JPY seems to be tracking the weakness in US Treasury yields as it trades to a fresh weekly low (131.49), and the exchange rate may continue to carve a series of lower highs and lows over the coming days as Fed Chairman Jerome Powell tames speculation for a ... (full story)