USDJPY Nears 116 Mark as Bullish Pressures Increase

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USDJPY Nears 116 Mark as Bullish Pressures Increase

USDJPY is creeping higher toward the 116.00 handle and the five-year high of 116.34 after recently bouncing off the Ichimoku cloud. The bullish simple moving averages (SMAs) are defending the broader positive structure. Currently, the Ichimoku lines are not exhibiting a convincing directional force, while the short-term oscillators suggest positive momentum is strengthening. The MACD, […]

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