- Yen strength to continue until BOJ intervention.
- US dollar bull trend off its highs.
- USDJPY can breakdown below support and go much lower, quickly.
- BOJ intervention can place a bottom on the USD pullback.
The Japanese yen is one of the most interesting currencies to trade due to Japan’s relationship with the United States. This relationship is most notably seen in the USD/JPY pair. Although the US dollar (NYSEARCA:UUP) has been on an upward trend; it has peaked from its highs and is facing pressure against many currencies – but most notably the Japanese yen.