USD/JPY Trapped in Technical Gridlock: Mean-Reversion Dominates While Volatility Simmers
Overview
USD/JPY continues to trade within a tightly bound range between 147.21 and 147.89…
Momentum and Volatility Metrics
RSI around 50, MACD flattening, Bollinger Bands contracting…
Key Technical Levels
Support near 145.69, resistance at 148.81 and 149.19…
Outlook
Unless price breaks key levels, directional conviction remains absent…