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.
#USD [1] / #JPY [2]#EUR [3] / #JPY [2] and #CHF [4] / #JPY [2] charts suggest weak yean agains major currencies in the following weeks. http://t.co/gP360AmIyH [5]
— Aksel Kibar, CMT (@TechCharts) September 3, 2013 [6]
Below are some updated charts on the Yen cross rates. Currently CHF/JPY is challenging its strong horizontal resistance at 107.5 levels.
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