FX Reversals: USDJPY Breakout Update
Talking PointsUSDJPY Breaks to Monthly HighRange Resistance Sits at 103.07Price Above R4 Signals a Fresh Price BreakUSDJPY 30min Chart(Created using FXCM’s Marketscope 2.0 charts) After yesterday’s FOMC, the USDJPY was trading at monthly highs on USDollar strength.