Dollar Strength Continues, USD/JPY Remains Bullish Despite Oversold Conditions

The US dollar has rallied since last week's rate hike and is now testing above the 100.00 level on the DXY index, with resistance at 100.64.

The biggest driver of USD pairs remains USD/JPY, but a reversal in this pair appears distant due to its fundamental bias leaning towards the long side.

Pairs like EUR/USD and GBP/USD are along for the ride, testing fresh lower-lows and nearing oversold territory on the daily via RSI.