USDJPY still lacks direction signal but slightly biased higher
USDJPY edged higher on Friday but remains within 158.50/156.50 range that extends into seventh consecutive day.
Range top is reinforced by 200DMA, and 50% retracement of 163.94/152.88 descend, with the base of falling daily cloud in the zone adding pressure on near-term action.
On the other hand, the pair is on track for the fourth straight…
Read More...