USD/JPY Price Analysis: Clings to gains around mid-131.00s, 200-hour SMA holds the key for bulls USDJPY RiskAppetite Bonds Technical Analysis Currencies
tive note. The steady intraday move-up remains uninterrupted through the early North American session and lifts spot prices to a fresh daily peak, around the 131.75 region in the last hour.
The intraday move up, meanwhile, pushes spot prices beyond the 100-hour Simple Moving Average , though lacks follow-through beyond the 23.6%retracement level of the recent downfall from the monthly peak. Moreover, oscillators on the daily chart - though have been recovering from lower levels - as still far from being in positive territory and warrant some caution before placing bullish bets around the USD/JPY pair.
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