Japanese Yen Crosses See Rangebound Action Amid Stalled Momentum

USD/JPY rally has stalled around 150, but no clear sign of reversal yet. Key levels to watch are 147 support and 150-152 resistance.

EUR/JPY capped by resistance around 158.50, but supported by 89-day MA near 154.50. Uptrend remains intact.

AUD/JPY unable to sustain gains recently, but still holding above converged support around 89-day MA. Rangebound trading likely unless 97.70 resistance cleared.

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Article by DailyFX Strategist Manish Jaradi on technical outlook for USD/JPY, EUR/JPY and AUD/JPY.