{video} USD/JPY continues to trade within last month’s range as it negates an ascending triangle formation, but the exchange rate may stage further attempts to test the February high (150.89) if it responds to the positive slope in the 50-Day SMA (147.71). US Dollar Forecast: USD/JPY Negates Ascending Triangle USD/JPY trades to a fresh weekly low (149.10) as Federal Reserve Chairman Jerome Powell tells US lawmakers that ‘our policy rate is likely at its peak for this tightening cycle,’ and developments in the Relative Strength Index (RSI) may continue to show the bullish momentum unraveling as it moves away from ... (full story)