{video}USDJPY has been trading sideways over the past five sessions as the aggressive rally that started on March 24, 2023 appears to have halted. There are a few reasons for the latest move, including the intervention talk, but the bears are still not satisfied. They are desperately looking for a small pullback to recover part of their recent losses and dent the bulls’ confidence. It is fair to say that the momentum indicators are finally showing some rally exhaustion signs. The stochastic oscillator continues to trade in its overbought territory, but it appears to be making another effort to move below the ... (full story)