USD/JPY moves higher as dollar sentiment continues to recover | Forexlive
It’s a quiet session for the most part but the dollar is on the move as sentiment after the post-CPI selloff continues to recover. USD/JPY is now up 0.5% to above 141.00 and is looking to contest its 200-hour moving average:
Push above that and the near-term bias will turn more bullish, allowing for buyers to establish more upside momentum. Adding to that, we are also seeing price nudge above its 100-day moving average again, seen at 141.00 currently:
That is a big nod in favour of the dollar if buyers can hold this through to the daily close.