USD/JPY Steadies Above 157.50 as Bulls Eye 50-Hour EMA Break
The pair drifted lower during Asian trading but remains supported above 157.50, with bulls looking for a break of the 50-hour moving average.
USDJPY
USD/JPY is holding steady above the 157.50 level after edging lower in Asian trading on Wednesday. The pair had bounced from the 155.25–155.20 area earlier this week, but that recovery has now stalled.
Market attention has shifted to the 50-hour exponential moving average as the next near-term hurdle. A sustained break above it could renew bullish momentum and extend gains.
Source: FXStreet Forex News