USD/JPY – Daily Chart
Yesterday’s candle on the yen to dollar daily chart merely confirmed what we already know, namely that it is impossible to predict the direction for the pair at this stage. The candle indicated a day of indecision with an upper wick, a narrow body which closed marginally above all three moving average. However, these technical indicators have virtually lost all meaning in the current chart given that they are either crossing or bunching almost at random as a result of the sideways