USD/JPY at new highs; risks continue to upside - Scotiabank

FXStreet (Barcelona) - Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank notes Yen at new highs.

Key Quotes:

"USD/JPY has rallied to fresh highs. “The more important driver was strong USD upside playing out across FX markets."

"USD/JPY short‐term technicals: mixed, but flirting with a bullish shift as USD/JPY reaches a fresh high and most signals warn of upside risk. The MACD has failed to turn and should be watched closely."