USD/JPY: bears scared away after the "hammer"
There's a “Harami” at the last low, which led to the current upward movement. It’s likely that the price is going to achieve the 89 Moving Average line once again. As we can see on the Daily chart, the price has been moving in a small range and bears can't do anything with that.
We’ve got an “Inverted Hammer” at the last low, which has been confirmed. Moreover, a “Three Methods” has just formed, so it’s likely that the upward movement is going to be continued until any reversal patterns arrives.