USD/JPY RISES ABOVE 150.00 AS BUYERS GAIN MOMENTUM

USD/JPY RISES ABOVE 150.00 AS BUYERS GAIN MOMENTUM
USD/JPY RISES ABOVE 150.00 AS BUYERS GAIN MOMENTUM

USD/JPY RISES ABOVE 150.00 AS BUYERS GAIN MOMENTUM

USD/JPY moves above 150.00, reaching its highest level since last Friday.

The pair had been consolidating between 149.00 and 150.00, supported by the January low of 148.63.

The jump to 150.40-50 coincides with a break of the 200-hour moving average.

Sellers' bearish momentum is broken, allowing buyers to take control.

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