USD/JPY trades to a fresh yearly high (154.45) as US Retail Sales climbs 0.7% in March versus forecasts for a 0.3% rise, and the exchange rate may test the June 1990 high (155.80) as the Relative Strength Index (RSI) holds in overbought territory. US Dollar Forecast: USD/JPY Rally Eyes June 1990 High Keep in mind, USD/JPY cleared the July 1990 high (152.25) during the previous week to push the RSI above 70 for the first time this year, and the exchange rate now appears to be tracking the rise in long-term US Treasury yields as the ongoing expansion in private sector consumption raises the Federal Reserve’s scope to ... (full story)