After an explosive bullish session on Monday, USDJPY is now a short distance below the 155.00 psychological level, recording its sixth consecutive week of gains and reaching its highest level since May 1990. The RSI and the stochastic oscillator are currently losing momentum in the overbought region, flagging a potential slowdown in the market. Due to the substantial price increase in the past week, Japan may consider intervening in the FX market. However, the daily chart continues to show a strong positive trend, indicating a potential upward continuation. Beyond the 155.00 number, the pair could experience ... (full story)