The US dollar continues to look bullish against the Japanese yen but has stalled over the last few days. However, this isn’t the end of the trend, rather the market is taking a breath at the moment.
The US Dollar continues to see upward momentum overall against the Japanese yen, but on Monday could be thought of as a “pause”, with the day being Memorial Day in America. This doesn’t change the overall trend, but it was worth noting that the liquidity would be thin.
The US Dollar continues to take advantage of the Yen weakness as we are now more than likely going to continue to look toward the recent highs as a target. With the Bank of Japan stuck, it seems like a bit of a foregone conclusion.