USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh nine-month high of 147.36 on Tuesday before paring some gains. Undoubtedly, the probability of an impending pullback appears to be heightening as the pair has surpassed the level around where the first round of intervention by the Japanese authorities took place. The momentum indicators currently suggest that the bullish forces are fading. Specifically, the MACD is hovering below its red signal line in the positive zone, while the stochastic oscillator is set to post a bearish cross. If buying interest wanes, the recent support of ... (full story)