Trading Insights

USD/JPY

Dollar Extends Gains, but Overbought Risks Loom


USD/JPY broke through resistance as investors positioned ahead of Powell’s remarks. RSI near 74 suggests overbought conditions, though bullish momentum persists. MACD shows fading buying strength, hinting at a possible short-term pullback.
Key Levels: Support at 146.84 | Resistance at 148.29 / 149.88