USD/JPY takeaways USD/JPY is rallying strongly today, gaining nearly 150 pips to trade at its highest level in a week. The yen the weakest major currency on the day and the week, despite the normally-bullish fiscal year-end seasonality. The next levels of resistance to watch are at 132.850 and 135.00 if the near-term rally extends. […]

The post Japanese Yen Analysis: USD/JPY Breaks Out Despite Bearish Seasonality appeared first on Action Forex.