USDJPY is still developing below the 157.70 resistance level and well above the medium-term ascending trend line, failing to have a notable movement after the US CPI data and the Fed decision on Wednesday. The technical oscillators are showing some mixed signals. The RSI is pointing upwards above the neutral threshold of 50, while the stochastic is heading south, posting a bearish crossover within its %K and %D lines in the overbought area, suggesting an overstretched market. A successful jump above the 157.70 barrier could open the way for a test of the 159.13 level, which is the 161.8% Fibonacci extension level of ... (full story)