USD/JPY Technical Analysis: Dollar traders seeking new highs for 2018
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I loghi dello yuan e del dollaro all'ingresso di un'agenzia di cambio a Shanghai. REUTERS/Aly Song
Dollar surging against the Japanese Yen as traders ramp up the Greenback, looking to mark in a fresh high for 2018 and erase the first half’s bearish tone.
Resistance levels above the 114.00 major handle represent significant challenges for buyers.
The bullish trend from 2018’s bottom at 104.60 has been decidedly bullish as the USD continues to shake off major institutional calls for a further-weakening Dollar in 2018.