Of note, the pair has moved back up above 145.00 but more notably its 200-hour moving average (blue line) at 145.15. That is now allowing room for buyers to maneuver closer towards the 100-hour moving average (red line) at 145.70. Keep below that and the near-term bias stays more neutral. But break above that, and the near-term bias turns back to being more bullish.
We're not likely going to get anything new from Powell's second day of testimony in Congress later. So, all eyes will be on US data tomorrow before month-end considerations start to factor into play.
EUR/USD is flattish at 1.1598 with the dollar also not really doing much elsewhere across the board. Meanwhile, 10-year Treasury yields are also seen flat at 4.295% while S&P 500 futures are also flat on the day and not hinting at much.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( USD/JPY nudges a little higher on the session )
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