USD/JPY: Bears Lost Traction on Approach to 200DMA

<p>The USDJPY bounces on Friday, registering significant gains for the first time in seven days and generating initial signal of correction. Pullback from new 2023 high (145.06), which accelerated after dollar came under increased pressure on signals of nearing end of Fed’s tightening cycle and retraced slightly over 50% of 129.64/145.06 bull-leg, faced strong headwinds [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/509993-usd-jpy-bears-lost-traction-on-approach-to-200dma/">USD/JPY: Bears Lost Traction on Approach to 200DMA</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>