USD/JPY increased little in the first hour and is fighting hard to stay higher and to recover after the yesterday’s drop. Price decreased and failed to reach and retest the median line (ml) of the blue ascending pitchfork, signaling an exhaustion. The Yen increased as the Nikkei stock index dropped after the impressive rally. USD/JPY is trading right above the 112.50 level and could move in range on the short term before will recapture more directional energy to be able to climb much higher.
