Well technically in the monthly chart USD/JPY is still in a uptrend.....It requires a major breakout above the 124-125Yen level.....After which i expect price to rally upto 135¥ for 1$. Hence my sentiment is bullish for this pair.
Weekly Chart:
In the weekly Chart price is overbought at the moment.....But more demand can increase above the 123Yen level upto 124Yen level....If Fed Reserve bank of U.S.A hikes interest rate from 0.25%-0.50%, than we can expect a mega spike upto …