USD/JPY (daily chart) has advanced sharply within its prolonged trading range to reach and tentatively breach its 200-day moving average after the release of better-than-expected U.S. GDP data on Wednesday. This rise extends a steady advance for the past two weeks from a low just above 101.00 in mid-July.Since the beginning of the year, when the currency pair hit a five-year high of 105.43, USD/JPY has gradually drifted lower in an extended trading range with progressively diminishing volatility…