The USD/JPY reached a six-month high last week going beyond the ¥106.60 level, supported by higher US Yields and even risk aversion. For this week we expect a reaction at the upper channel line, followed by a pullback towards the trendline and the support zone, in order to continue the uptrend that can push the pair beyond the ¥107 level. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.