USD/JPY pushed higher early morning, continuing the uptrend last week which ended near the weekly high. Price appeared to be topping around 97.0 post BOJ stimulus announcement, but USD/JPY pushed up significantly after the much weaker than expected US NFP print, pushing price ahead of Asian highs and ended the week above 97.5. This push sent price above the Upper Bollinger Band temporarily, with the next period sending price level back within 2 std dev. Currently, we’re still awaiting a confirmation for a test back towards the mean. Stochastic reading agrees with a lower push scenario, with readings pointing slightly ... (full story)