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USD/JPY has been range-bound for the third week. U.S. data has been solid and Fed speakers haven't tried to undermine June hike expectations. U.S. politics is always a risk but as long as Fed is tightening, the pair should remain supported.
Range bottom is protected by 200 DMA and the big figure at 110. A break below the figure would target April low and 61.8% retracement of the Trump rally. 112 level and 100 DMA are capping the upside. A break above that would put May high into view.
Range bottom is protected by 200 DMA and the big figure at 110. A break below the figure would target April low and 61.8% retracement of the Trump rally. 112 level and 100 DMA are capping the upside. A break above that would put May high into view.