USDJPY Price Analysis: Consolidates around 140.00, as buyers eye the 100-DMA nearby 141.00

From fxstreet.com

The USDJPY consolidated below the 100-day Exponential Moving Average (EMA), after dropping from YTD highs reached in October at 151.94. Still, since then, the US Dollar (USD) depreciated almost 8% against the Japanese Yen (JPY) in nearly a month. At the time of writing, the USDJPY is trading at 140.15, above its opening price by 0.49%, after hitting a daily low of 138.87. During the week, the USDJPY remains trapped in a narrow 137.50-140.80 range so far, after diving towards a fresh three-month low at around 137.65, reached on November 15, it formed a hammer. Since then, the USDJPY recorded two successful days ... (full story)