USD/JPY strung out in the middle at 113.50

• Dollar-Yen pairing hung up in the middle as traders await broader market moves.
• Risk appetite continues to skew to the middle as investors slowly digest current market risks.

USD/JPY is trading into 113.50, the mid-range of Friday’s high/low as markets await further impetus to pull the trigger in either direction.

Risk appetite in the broader market continues to hang in the balance as investors remain trepidatious amidst broader fears of a global economic slowdown, while trader sentiment sees further hampering in the Pacific-Asia sector as US-China trade relations continue to thread the needle between stalemate and souring.

The Japanese Yen saw declines last week as the US Dollar rose near-term lows above the 112.00 handle, but bullish momentum for the USD/JPY pair remains capped beneath recent swing highs, and a soft-descending trendline at swing highs is currently pricing in as resistance as overall market sentiment sees drives into safe havens like the Yen limiting risk-on gains in the greenback.

USD/JPY Technical Levels