The USD/JPY currency pair on Friday bounced off the 100-hour moving average line to trade at about 145.363. The currency pair continues to trade within an ascending channel formation in the 60-min chart. The pair has now ascended to trade a few levels above the 100-hour MA. As a result, the currency pair has advanced to trade in the overbought conditions of the 14-hour RSI. USD/JPY Fundamentals Overview From a fundamental perspective, the USD/JPY currency pair is trading at the back of a relatively busy period in both markets. On Friday, the US non-farm payroll data for September came in stronger than expected with a ... (full story)