The US dollar initially rallied during the trading week, breaking above the ¥136.50 level. The candlestick for the week does look a bit like a shooting star, so perhaps we are getting ready for some type of pullback or consolidation.
The British pound initially shot higher against the Japanese during the course of the week, but then pulled back to show signs of exhaustion.
The US dollar dipped against the Japanese yen on Friday but found support below the ¥135 level again. This suggests that perhaps the market is ready to continue the overall uptrend.