The USD/JPY currency pair traded near 162.40 yen during Asian hours on Friday, maintaining a bullish near-term bias. According to FX Street, the pair remained supported above both the nine-period and 50-period exponential moving averages (EMAs), signaling continued strength in the short term.
This technical positioning suggests that the USD/JPY could sustain its upward momentum, with the nine-day and 50-day EMAs providing key support levels for traders to watch. FX Street highlighted the pair's ability to hold above these moving averages as an important factor in its recent price action.
Given Japan's ongoing monetary policy stance and global market dynamics, the USD/JPY remains a focal point for investors monitoring currency trends and their impact on equities and exports.