FX Action: USD-JPYFX Action: USD-JPY has put in an "inside day" on Friday, ranging between 112.38 and 112.65 in N.Y. dealings. The highs came early as Wall Street opened with solid gains, though softer housing data saw the dollar fade from there. The pairing has been hemmed in between its 50-day moving average of 111.97 and its 20-day moving average at 112.98 since Wednesday. Dollar fundamentals remain strong, though given the on-again, off-again risk backdrop, USD-JPY upside may be limited for the time being. |