USDJPY came close to breaking the 148.81 level in the preceding week, recording a two-month high. According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped near the 70 level and the MACD is extending its bullish movement above its trigger and zero lines. However, the fast Stochastics suggest that the market is located in overbought territory and therefore some weakness is possible; the %K posted a bearish crossover with the %D line. On the upside, the price could attempt to overcome the 148.81 barrier and retest the 149.70-150.00 area, taken from the ... (full story)