The USDJPY pair, after a short respite in July-August, keeps going upward. The yield gap between US (3.3%) and Japanese (0.25%) bonds is pushing the USDJPY higher. Over the next few days, the 1998’s maximum may be updated at 147.65.
After setting a new 24-year high, odds are good that a correction to remove the strong overbought on the RSI indicator would come into play.
This content is for informational purposes only and is not intended to be investing advice.
