USD/JPY Edges Higher as Bullish 20-day EMA Supports Gains
USD/JPY trades up 0.1% near 163.60 on Thursday, supported by a rising 20-day exponential moving average and a stronger US dollar amid geopolitical tensions.
USDJPY
The USD/JPY pair ticked up 0.1% to around 163.60 during European hours on Thursday. The greenback found support as geopolitical tensions escalated, boosting demand for the safe-haven dollar. From a technical perspective, the rising 20-day exponential moving average continues to underpin a bullish bias for the pair.
Source: FXStreet Forex News