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USD/JPY Poised For Potential Breakout On Dollar-Driven Rally

Discussion in 'Technical Analysis' started by Kaitlin, Aug 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USD/JPY reached major resistance around the 103.00 level on Tuesday, establishing a new one-month high. This rise was driven both by a continued strengthening of the US dollar on increased expectations of a more-hawkish Fed, along with an extended pullback for the Japanese yen. The relatively hawkish comments from both[​IMG]

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