For five trading sessions in a row, the price of the USD/JPY currency pair continued to maintain its bullish momentum near its highest level in 24 years.
After three bullish trading sessions, the price of the USD/JPY currency pair moved with gains to the 144.90 resistance level, near the highest in 24 years.
Continuing factors of the strength of the US dollar brought the price of the US dollar against the Japanese yen quickly back to the vicinity of levels.
Last week’s intervention by the Bank of Japan to ‘protect’ the Japanese Yen worked wonders.
The US dollar has rallied on Friday as we continue the recovery from the ¥140 level.
The USD/JPY has been all over the place during trading on Thursday, as the Bank of Japan jumped into the market and intervene.
After a period of stability for several trading sessions, I expected that the performance would remain so until the markets and investors react to the US Federal Reserve's announcement
The bullish stability is still the most prominent performance of the price of the US dollar against the Japanese yen.
The US dollar continues to find buyers on dips against the Japanese Yen.
Despite the recent profit-taking sell-off, the USD/JPY currency pair remained within the ascending channel range.
The US dollar has rallied ever so slightly during the trading session on Thursday as we continue to attempt to build momentum in the USD/JPY pair.
Today, the markets will be watched with the latest important and influential US economic data for this week.
The USD/JPY has fallen a bit, pulling back from the ¥145 level.
Yesterday's trading session was the most important for the bulls to gain more control over the direction of the USD/JPY currency pair.
The USD/JPY rallied during the trading session on Tuesday as we initially pulled back, only to see the CPI number come out much hotter than anticipated.