USD/JPY closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, January's high crossing is the next upside target. Closes below the 20-day moving average crossing would signal that a long-term high has been posted.
Join the Discussion