USD/JPY's Upside Potential May Now Be Limited, Charts Show -- Market Talk

Dow Jones
Oct 28

0106 GMT - USD/JPY's upside potential may now be limited, StoneX's Matt Simpson says in commentary. The relative strength index on the daily chart hovers at overbought levels for a third straight session and is at its highest reading in 12 sessions, the senior market analyst notes. The one-hour chart also shows a lower high forming on Monday, together with a multi-session bearish divergence on the relative strength index, he says. USD/JPY "bears could look to fade minor rallies within Monday's upper wick, anticipating a modest retracement," Simpson adds. USD/JPY is 0.3% lower at 152.46, LSEG data show.(ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

October 27, 2025 21:06 ET (01:06 GMT)

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