Pair Daily RSI
GBP/JPY Close to being overbought
AUD/JPY Turning lower from overbought
CHF/JPY Close to being overbought
USD/JPY Close to being overbought
It’s quite clear the Yen has been hammered across the board. With 14-day RSI overbought on most pairs, it is quite likely that we could be heading into a bout of risk aversion in the markets (recovery in the Japanese Yen due to risk-off).
For me, NZD/JPY is likely to be the first one to go down.