USD/JPY short‐term technical are bullish – Scotibank

FXStreet (Guatemala) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank suggested that most technical studies for USD/JPY still warn of upside risk.

Key Quotes:

“But the RSI at 87 is well into overbought territory warning of an upcoming period of rest. Support lies at yesterday’s close of 108.69 while resistance comes in at the recent high of 109.46."