USDJPY has been softly rising this week within the 111 area, stretching the three-month long ascending channel even higher. The price is also above its shorter-term moving averages (20- and 50-day Mas) and is set to cross above the 200-day MA as well, giving additional positive trend signals. In momentum indicators, the RSI continues to fluctuate in bullish territory and seems to be changing direction to the upside today but the MACD and the Ichimoku indicators (Tenkan-sen and Kijun-sen) have yet to show strength as both keep moving sideways, a sign that any gains could appear limited in the near term. An extension ... (full story)