After hitting a new YTD high at 136.91, the USD/JPY fell short of piercing the 137.00 figure and is staging a recovery as the New York session progresses. At the time of writing, the USD/JPY is trading at 135.85, below its opening price by 0.24%. The USD/JPY bias is upward once the pair emerged above the 100-day Exponential Moving Average (EMA) last Friday. That exacerbated a rally above 136.00, an important price level for USD/JPY bulls as they prepare to launch an assault to 137.00. Though, the pair remains vulnerable at around 136.00, with sellers eyeing to drag prices below the latter, which would exacerbate a ... (full story)