USD/JPY remains in the upper part of the Bollinger band

As the U.S. Index stepped to the new highs and reached the highest point in last six months, USD/JPY pair does not demonstrate such ensured movements north. However, the pair seems to be fairly settled in the upper side of the Bollinger band. In the recent week the pair has shown very positive performance and, maintaining the same sentiments, the closest resistance should be at 94.47, where the upper Bollinger line intersects the monthly R1.

Investors expand their positions against the Japanese Yen, as the buy side increased to 79% and the sell side contracted to 21%. Pending orders' segment is looking forward to further appreciation, since 71% of orders are long and 29% are short.