USDJPY moves back to the comfort of the 100/200 hour MAs

  • Waiting the next shove technically

he USDJPY sellers tried to push prices lower yesterday, and broke below a swing area near 133.876, but could not sustain momentum. That has led to a bounce back higher in trading today that has now taken the pair back to the comfort of the 100/200 hour MAs ahead of the Michigan Consumer Confidence data at 10 AM. What next for the pair as the week heads toward the close?

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