On the 1H chart, based on the RSI indicator, we observe that the price of the USD/JPY pair has surpassed the overbought threshold, indicating increasing buying pressure.
However, to make trading decisions, it is essential to consider other factors such as economic news and the global market situation.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.