USD/JPY Around 158.416: Distribution Extends

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USD/JPY Hourly, Daily And Weekly Candle Charts USD/JPY is trading near 158.635 against the daily pivot at 158.618, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. USD/JPY H1 candlestick chartHourly price action with price near 158.635 is trying to build upside control. The desk is watching buyers held the latest candle above its open inside a 158.533-158.729 candle range, the recent sequence is still pressing higher, while price remains above pivot 158.618. The next useful filter is the next hourly close should either defend the reaction zone or expose a false start; From a risk-control angle, a break back through...