USD/JPY Holds Above 163.00 Near 40-Year Highs
USD/JPY traded around 163.20 during European hours Thursday, holding above the nine-day and 50-day EMAs with a clear bullish bias.
USDJPY
USD/JPY edged higher during the European session on Thursday, trading near 163.20 after minor losses the previous day. The pair remains above freshly set 40-year highs.
The currency pair maintains a strong bullish bias, with price action staying above both the nine-day and 50-day exponential moving averages. Technical indicators continue to favor further upside momentum.
Source: FXStreet Forex News