USDJPY rebounds into resistance target at the 50% retracement. Will sellers show up?
The USDJPY moved sharply lower earlier today, breaking below both its 100-day moving average at 157.316 and the falling 100-hour moving average at 156.90 ā a bearish technical development that shifted momentum firmly in favor of the sellers. The decline also pushed the pair below the 50% retracement of the rally from the February 12…
