What are the charts saying as the week comes to an end.
USDJPY
A week ago the USDJPY closed above the 200 day MA going into the weekend, but it was just barely above (106.63 vs the 200 week MA at 106.53). On Monday, the market opened higher. In fact the low for the week came in at 106.73 (a few hours into the new trading day). From there the price moved higher with "controlled" corrections.
The USDJPY ends the week looking bullish in a controlled trend move higher
