USD/JPY, EUR/JPY & CHF/JPY

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Earlier during the month I’ve analyzed the Japanese yen cross rates. USD/JPY, EUR/JPY and CHF/JPY all showed weakness for the japanese yen in the coming weeks. First USD/JPY breached its resistance and cleared its consolidation range. Now we are seeing further strength in USD against the JPY followed by a similar breakout on the EUR/JPY chart.

Below are some updated charts on the Yen cross rates. Currently CHF/JPY is challenging its strong horizontal resistance at 107.5 levels.

USDJPY II

EURJPY II

CHFJPY II