{video}USDJPY is trading higher again today following a significant correction that muted the growing intervention talk. The pair is preparing to enter a very busy area as the bulls are trying to regain market control and take advantage of the continued simple moving averages (SMAs) convergence for their own benefit. The momentum indicators appear to be mostly on the bulls’ side at this stage. The Average Directional Movement Index (ADX) is edging lower today, confirming a much weakened bearish trend in the market but still remaining at elevated levels compared to its recent history. Crucially, the stochastic ... (full story)