Technical Analysis – USDJPY rises sharply to 2-month high of 108.84

USDJPY increased to an almost two-month high of 108.84 earlier today after the aggressive buying interest on Tuesday’s session, surpassing the flat 200-day simple moving average (SMA) and the upper Bollinger band. Also, the 20- and 40-day SMAs posted a bullish crossover, confirming the recent upside rally in the short-term. According to the momentum indicators, […]