The Japanese Yen continues to trade near the yearly extremes against the US Dollar with USD/JPY struggling just below multi-year resistance. The advance comes amid weakness in the US Dollar and Treasury yields and the non-confirmation high of related assets suggests the threat for exhaustion here. That said, a rally above a key technical pivot zone keeps the medium-term focus higher and we’re looking for a breakout of the November opening-range for directional guidance here. These are the updated targets and invalidation levels that matter on the USD/JPY weekly technical chart. Technical Outlook: In last month’s ... (full story)