<p style=““ class=“text-align-justify“>Amid the lack of change in the major currencies space, this is one of the only notable pieces of action in trading so far today. 10-year Treasury yields are also pretty much flat again on the day, relieving USD/JPY buyers of their impetus at the moment. The pair <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-nudges-higher-to-test-key-near-term-level-to-start-the-session-20221206/“ target=“_blank“ rel=“follow“>ran up to test</a> its 200-hour moving average (blue line) earlier but for now, sellers are holding the line.</p><p style=““ class=“text-align-justify“>As such, the near-term bias stays more neutral after the developments from yesterday – in which we saw price climb back above 135.00 and its 200-day moving average, as well as the 100-hour moving average (red line) above.</p><p style=““ class=“text-align-justify“>For now, price action is caught in a near-term tussle in determining the next directional bias before we look at the bigger picture levels on either side again.</p><p style=““ class=“text-align-justify“>The dollar remains little changed overall today, trading within 0.1% against other major currencies with only AUD/USD up 0.3% to 0.6720 – owing to the RBA policy decision earlier in the day.</p>

This article was written by Justin Low at forexlive.com.