USD JPY revived several days high in Forex market
6/16/2017 2:23:01 PM
The USD/JPY pair worn nearly 23-pips in an unthinking response to the BOJ policy decision, and tested 111.03 handle, before bounce back sharply to refresh daily tops at 111.30.
USD/JPY near term has worn the 5 week downward tendency and is now positive: USD/JPY has worn the near term downward tendency and the 180 day ma. The move above here should clear the way to the 112.15 24th May high. Rallies will need to regain 112.15 to retarget the 114.40 recent high.
FOREX market analysis by FxErvin.
