USD/JPY has had a good day today, recouping much of the ground lost on Thursday. One worrisome sign, however is the fact that the 10 and 21 day moving averages are close to crossing bearishly. Keep an eye on those averages as a cross would likely indicate the rebound of recent weeks has run its course.
Strong buying interest has been seen this afternoon by a US investment bank, so perhaps that bearish cross can be forestalled. USD/JPY trades now at 95.90.
