USD/JPY Bounces off the 200-hour SMA and above 99.00

Resistance at 100; 200-hour SMA: The USD/JPY failed to breach 100 during the 4/22 session and retreated below 99 by the 4/23 European session. As we get into the 4/23 US session, USD/JPY was showing a bullish divergence in the 1H chart with the RSI as it tested the 200-hour SMA. So far, we are…

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USD/JPY Bounces off the 200-hour SMA and above 99.00

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