Technical Analysis – USDJPY remains in broad range; short-term bias turns neutral after fading recent rally

USDJPY remains rangebound since the beginning of this year although the recent bullish phase that took prices to the mid-113 handle has shifted to neutral as upside momentum ran out of steam. The market appears to be finding support at the 200-day moving average (MA) and falling below 111.84 would mean a short-term top is […]