USDJPY: US inflation could determine the trend

MOEX:USDJPY   U.S. Dollar / Japanese Yen
Last week the price action managed to hold the 108.00 mark and quickly rebounding to 108.80, however, the decline from Nov 2017 looks increasingly impulsive. A move below 108.00 could retrace further to Sep, 2017 low 107.30 below this the 61.8 fib reaction (98.90-1118.66 rally) exists at 106.80.

Any pullbacks could face resistance between 109.30-109.70 its 20MA. The bulls must settle above 110.30 in order to rally further. The daily oscillator remains bullish .
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