USD/JPY extends rebound, draws in key near-term levels again ...Middle East

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USD/JPY extends rebound, draws in key near-term levels again
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The wild swings in Japanese yen pairs are continuing today, this time triggered by remarks from BOJ deputy governor Uchida:BOJ deputy governor Uchida says the Bank's interest rate can change if neededMore from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easingBefore he spoke, USD/JPY was trading around 144.80 and now it is trading nearly 300 pips above that.That is starting to invite a couple of key near-term levels on the charts again. It comes as dip buyers are starting to feel themselves again.The 100-hour moving average (red line) was the first hurdle earlier around 146.64 and that has given way. It now frees up room for price action to roam between that and the 200-hour

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