The Japanese Yen has come under a bit of unfamiliar pressure against the US Dollar in the past week but it may be too early to call an end to a run of gains which have taken it to highs not seen since late 2016. A so-far modest but broad US Dollar resurgence has seen USD/JPY rise for four straight sessions to the end of Tuesday’s action. This is the longest winning streak seen for the duration of the long fall from the highs of January 8. Still, as you can see from the chart above the downtrend channel plotted remains very much in place and the Dollar’s current pep looks little more than corrective so far. It had ... (full story)