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Forex pairs in this Article » USD/JPY (San Francisco) - The US dollar is closing its second positive week in row against the Japanese Yen as the USD/JPY has risen as high as 99.45 in the Friday session to close the week above the 99.00 area.

Currently the USD/JPY is trading around 99.20, 0.85% positive on the day. Short term perspective is slightly bearish in the 15-minute chart according to the trend index. Indicators such as CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.

According to the Forecast Poll, the bulls are back in the USD/JPY. An overwhelming majority of experts and banks, are now convinced the pair is ready to resume the upside. The poll sees an average of 99.80 as weekly target, 100.86 as 1-month price and the 102.89 as 3-month number.
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