US Dollar Consolidates After Extending Rally Against Japanese Yen – Forex Market Analysis – ForexCycle.com
The USDJPY currency pair has extended its impressive upside move that originated from the 151.86 low, rallying as high as 157.70 in recent trading sessions. However, the subsequent pullback from the 157.70 high suggests that a consolidation phase within the broader uptrend is currently underway. Potential for Further Downside Consolidation While the broader technical outlook…