USD/JPY is advancing for a fifth consecutive day after the ruling LDP confirmed Sanae Takaichi as its new leader. Traders are preparing for possible increased fiscal spending, and this is weighing on the yen.
However, upward momentum could be tested later this week ahead of the US CPI release on Friday.
Momentum indicators remain constructive for now,, with the RSI holding above 60 and price action potentially supported by the rising 20-day moving average near 150.40.
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