The dollar against the yen strengthened by fixing a maximum of two weeks.Support for the pair had Kjellén optimistic statements on Friday, which strengthened market expectations for raising the base rate in the current year.Moreover, growth in the stock markets of Tokyo, also contributed to the strengthening of the US dollar.
USD / JPY pair shot up and continued to rise on Monday. The pair met strong resistance in 102.50, which limited the further growth of the tool. Resistance is located at 102.50, support - at 101.40.
MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI is in the overbought zone. On the indicator forming a signal to buy.
USD / JPY The pair broke the 200 EMA and went on 4-hour chart. Moving averages (50, 100 and 200) are directed upwards.
Forecast USD / JPY today
General sentiment for the pair remains bullish, and it is possible to expect continuation of growth to around 102.50 .
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