USD/JPY falls after another rejection near 148.80–149.40. Technical risk tilts to the downside; focus on 200-day EMA. USDJ/PY surrendered to the bears early on Wednesday after its three-day bullish streak ran out of steam just below the 148.80–149.40 ceiling, which capped July’s gains. While market stability is typical ahead of FOMC policy meetings, upcoming US […]The post USD/JPY Runs Out of Fuel Near July’s High appeared first on Action Forex.