Yen Domination of Dollar May Have Run Its Course, for Now: Chart

As the yen takes a breather on Tuesday after a seven-day, 4.3 percent surge that spurred a flurry of jawboning from Japanese officials, could its rally be over for now? The dollar-yen’s 14-day relative strength index has lingered below 30, a level some analysts class as being oversold, for five consecutive days. That’s the longest stretch since January, when the dollar went on to rally more than 3 percent from its low at the time to its strongest level this year.

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