USDJPY nears 116 mark as bullish pressures increase

From xm.com

USDJPY is creeping higher toward the 116.00 handle and the five-year high of 116.34 after recently bouncing off the Ichimoku cloud. The bullish simple moving averages (SMAs) are defending the broader positive structure. Currently, the Ichimoku lines are not exhibiting a convincing directional force, while the short-term oscillators suggest positive momentum is strengthening. The MACD, in the positive region, has pushed back above its red trigger line, while the RSI is improving in bullish territory after vibrating around the 50 threshold. The stochastic oscillator has turned positive after the %K line rocketed ... (full story)