USD/JPY: Is the Currency Pair Oversold and Ready to Rally?

US Dollar Japanese Yen News

USD/JPY: Is the Currency Pair Oversold and Ready to Rally?
US Dollar Index Futures
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Forex Analysis by Chris Kimble covering: US Dollar Japanese Yen, US Dollar Index Futures. Read Chris Kimble's latest article on Investing.com

As you can see, the Yen broke out of its declining channel in August and rallied sharply before pulling back to test dual support. Thus far that support has held and the Yen is once again attempting to rally. Note that RSI oversold as well.And should the Yen rally, some assets such as bonds would like it.

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