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fxJul 17, 2026, 6:24 AM

USD/JPY Holds Steady Near 162.40 After Breaking EMA Resistance

USD/JPY trades around 162.40 during Asian hours on Friday, maintaining a bullish bias after breaking above both the nine- and 50-period exponential moving averages.

USDJPY

USD/JPY steadied during the Asian session on Friday, trading near 162.40 after registering minor gains the previous day. The pair broke above the nine-day exponential moving average (EMA) and remained above both the nine- and 50-period EMAs, signaling a continued bullish near-term bias.

The price action suggests buyers remain in control as long as the pair holds above these key moving averages. The session's range has been narrow, reflecting consolidation after the prior day's advance.

Source: FXStreet Forex News