USD/JPY looks set to take out 50-DMA
USD/JPY remains well bid in early US session as investors focus on the uptick in the core PCE and employment cost index.
The daily RSI has breached the descending trend line.
Looks like the currency pair would take out the 50-DMA level of 111.75 and move higher to 112.60 (Jan low).
The daily RSI has breached the descending trend line.
Looks like the currency pair would take out the 50-DMA level of 111.75 and move higher to 112.60 (Jan low).
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