Earlier today, the greenback extended gains against the yen after a weekend meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe. As a result, USD/JPY hit a fresh February high and broke above the upper border of the short-term declining trend channel. Will we see further improvement in near future?

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Yesterday, the U.S. dollar moved sharply higher against the yen (the biggest gain since late January) as the combination of a better-than-expected initial jobless claims numbers and comments from U.S. President Donald Trump about a "phenomenal tax plan” weighed positively on investors’ sentiment. Thus, USD/JPY climbed to its first important resistance. Will it manage to stop further increases in the coming week?

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Although the euro bounced off the long-term support line yesterday, currency bears didn’t give up and pushed EUR/USD lower once again. Will we see a breakdown and a drop below 1.0600 in the coming days?

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Earlier today, the USD Index extended gains and came back above the level of 100 as political uncertainty pushed the euro sharply lower. In this environment, EUR/USD slipped below 1.0700 and reached the first support zone. What happened with the other currency pairs at the same time?

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