USD JPY saw some fickleness in Forex market
6/23/2017 12:54:53 PM
The USD/JPY pair is seen trading waters below 5-DMA at 111.38, as markets wait for fresh motivation for the next direction.
The spot may reconsider the weekly high of 111.82 and may expand gains to 112.14 if the Fed policymakers talk about a rate hike in September/December. On the downside, only a daily close below 110.76 would signal bullish invalidation.
FOREX market analysis by FxErvin.