USDJPY is currently resting at the 108.43 level, which is the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The pair appears to be adopting a short-term sideways move, something also reflected by the mostly flat 100-day simple moving average (SMA), the convergence of the 200- and 40-day SMAs and the price […]