USD/JPY trading in a quite tight range - FXStreet

FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik remarks that USD/JPY fell somewhat during the Asian session, but generally the pair trades in a quite tight range that gives no clues on upcoming direction, as per being unable to clearly advance beyond 102.80 past week highs.

Key quotes

“In the short term, the hourly chart shows price advancing right below its 100 SMA while indicators still head lower in negative territory.”

“In the 4 hours chart a slightly positive tone surges as momentum heads higher around its midline, yet to be confirmed.”