USD/JPY remains with bullish bias - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair approached the 120.00 figure during Asian hours, but erased most of its intraday gains ahead of US opening.

Key quotes:

"The 1 hour chart shows that the price was rejected from its 200 SMA, and even extended below 100 SMA, while indicators head lower and are approaching their midlines".

"In the 4 hours chart however, technical readings present a strong upward momentum, limiting chances of a stronger slide".