USD/JPY narrows on the Daily chart and fails to show us a clear direction. Price failed once again to reach the 108.12 horizontal support, showing an oversold and a potential up movement. Personally, I hope that we’ll have clear direction after today’s major fundamental events.
The pair moves in range also because the Nikkei stock index move sideways as well on the short term. JP225 lost the bearish momentum and could climb higher again if the USDX will receive a helping hand from the US economy today.
