USD/JPY Price Forecast: Bulls are taking control, aiming for 145.35 and 146.00

  • The US Dollar is trading with minor gains against the Japanese Yen on Tuesday, on track to complete a three-day winning streak. The intra-day RSI has consolidated within bullish territory, which, together with the higher low posted last week, suggests that a potential bottoming at the late May lows at 142.00 The Bank of Japan kept rates unchanged after its monetary policy meeting but warned about the increasing uncertainty about global trade to avoid committing to new rate hikes.