FXstreet.com (Buenos Aires) - USD/JPY Current Price 97.65. Yen quickly lost its safe-haven status and lost around 80 pips after FOMC statement, breaking the roof of the descendant channel we have been following. The pair expend the last few hours consolidating inside a small flag that just break to the upside at the beginning of Asian session.
Hourly indicators present some bearish divergences, yet the pair does not seem over bought yet, said Valeria Bednarik, collaborator at FXstreet.com. Consider yesterday's high as first resistance for the next hours. 20 SMA has turned to the upside, and price remains above it, and above 200 EMA.
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