Japanese Yen Forecast: USD/JPY Rally at Risk into Resistance / FOMC 2021-03-16 17:42:00 Michael Boutros, Strategist Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels Japanese Yen technical trade levels update – Weekly Chart USD/JPY breakout extends into confluent trend resistance Constructive while above 107.31 – Key resistance at 109.68/92 Advertisement The Japanese Yen virtually unchanged against the US Dollar this week with the USD/JPY breakout stalling into trend resistance early in the session. All eyes now turn to key central bank interest rate decisions from the Federal Reserve and the Bank of Japan this week with the broader USD/JPY rally vulnerable near-term. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into tomorrow’s highly anticipated FOMC rate decision. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Yen technical setup and more.