USDJPY LONG

Key Indicators

• Expect the price to keep rising given the volume anomaly, high indicator alignment, and overwhelming bullish momentum after breaking above the 160 barrier.

• The Relative Strength Index (RSI) is currently hovering around 60, suggesting a neutral momentum, neither oversold nor overbought, with room for further movement.

Fundamental Context

The USD/JPY pair continues to post modest weekly gains. As of writing, the pair is trading near 160.30. The pair may continue to trade within a tight range as traders digest the geopolitical news and await fresh economic data.