USDJPY floated to high
2/1/2018 9:29:27 AM
During Forex market news, the dollar improved its post-FOMC moderate recovery move and pushed the USDJPY pair to fresh weekly tops, around mid-109.07s.
Though, a substantial move above 110.03 appears difficult for the time being as the moving averages on the above chart - 80-EMA, 100-MA and 150-EMA are trending lower - indicate bearish setup. The descending sloping 80-EMA is seen at 109.40. Likewise, the 20-day EMA is yet to bottom out.
FOREX market analysis by FxErvin.