USD/JPY heads for the highest close since January 9 as it holds to gains. It is hovering around 112.50 unaffected by recent comments from Fed’s Chair Jerome Powell. He mentioned that he is hearing a rising level of concerns about the effects of changes in trade policy. During the last hours, the pair remained steady moving in a small range between 112.35 and 112.55. Earlier today, USD/JPY peaked at 112.62, the highest level in six months. It pulled back finding support quickly above 112.30. It is up for the fourth-day in-a-row, back at the same level it had at the beginning of the year. (source: fxstreet)