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.
The US Dollar continues to rise against the yen, as the overall trend continues to be a major driver of where we go. With this, I remain bullish but also recognize that the market might be getting a little tired.