USDJPY appears to have lost directional momentum bound between the 109.37 and 106.91 marks. The pair is presently consolidating around the 107.68 level, that being the 38.2% Fibonacci retracement of the up leg from 101.17 to 111.71. Confirming the flattened tone in price is the horizontal 100- and 200-day simple moving averages (SMAs) as well […]