USD/JPY stalls at near three-month high
USD/JPY’s rise to its near three month high at ¥153.18 has been followed by a pause in the uptrend and slip to the 200-day SMA at ¥151.40 which acts as short-term support ahead of the psychological ¥150.00 support region. Further potential support can be found at the mid-August high at ¥149.40.
A rise and daily chart close above Wednesday’s ¥153.18 high would put the late July high at ¥155.21 on the map.
