The US dollar (USD) ended a second week in positive terrain against the Japanese yen (JPY), leading the USD/JPY currency pair back to familiar resistance on the monthly chart at ¥150.80. However, things are not looking too bright for USD/JPY bears at this point. On the one hand, the trend is notably in favour of buyers, and has largely been the case since bottoming in early 2012. On the other hand, the aforementioned monthly resistance—albeit welcoming a sizeable rejection in October 2022, and is a level sharing chart space with channel resistance, extended from the high of ¥125.85 (along with the Relative Strength ... (full story)