USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend.
Read more: Dollar-Yen Knocking on March Highs, Bullishly Poised
The latest Pound-to-Yen exchange rate technical and fundamental outlook suggests the sideways trending market is likely to extend near-term but longer-term Sterling is preferred.
Read more: Pound-Yen Outlook: Bullish Longer-Term, Neutral Short-Term
The Pound-to-Yen rate rate was trading around 146.17 Tuesday after rising strongly during the morning session, although studies of the charts suggest the exchange rate could rise further over the coming days.
Read more: Pound-to-Yen Rate Eyes Breakout from Wedge Pattern, as Falling Brexiteer Dominoes Boost Sterling
The outlook for the Pound-Yen exchange rate shows short-term pressures are building while longer-term the Pound is preferred. Much will however rest with the direction of U.S. and European trade tensions we believe.
Read more: The Pound-Yen Forecast Conundrum: Longer-Term Bullish, Short-Term Charts Bearish
The Pound-to-Yen rate was trading at 147.70 on Monday after rising 2.4% from a week ago, although technical studies of the charts suggest there is ample scope for the Pound to post another impressive gain during the days ahead.
Read more: The Pound-to-Yen Rate in the Week Ahead: Explosive Breakout in the Cards