USDJPY keeping the buyers and the sellers in play ...Middle East

The USDJPY continues to keep both buyers and sellers engaged in a tug-of-war. Following the CPI data release, the price dropped from just above the 200-bar moving average (MA) on the 4-hour chart at 153.79 to briefly break below the converged 100-bar MA on the 4-hour chart and the 200-day MA. However, neither of these technical levels could generate significant momentum during the small breaks.Currently, the price has settled near the midpoint of these levels at 152.43. This back-and-forth action keeps both sides in play, though the overall tilt remains to the upside. Sellers had an opportunity to drive the price lower after breaching the 200-day MA but failed to sustain the move.Meanwhile,

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USDJPY keeping the buyers and the sellers in play ...Middle East

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