USD/JPY buyers undo their efforts from trading yesterday ...Middle East

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USD/JPY buyers undo their efforts from trading yesterday
source : forex live ( Middle East ) () 59
After breaking above the 100-hour moving average (red line) in European trading yesterday, buyers tried to take a look above 151.00 for a while. That didn't last as the dollar sagged following a softer ISM services report here. But still, USD/JPY buyers managed a defense of the key near-term level above coming into today.That saw price action keep around 150.20 to 150.50 before BOJ dove Nakamura came out to try and vindicate his monetary policy stance. He mentioned that while he is perceived as a dove, it doesn't mean that he is opposed to rate hikes. And what timing with the December decision just two weeks away.It's still not a given that there will be a rate hike in December. But it is en

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