USD/JPY

During Tuesday, the USD/JPY currency pair tried to surpass the resistance level—the weekly R1 at 107.52.

During today's morning, the pair reached the psychological level at 107.80. On the one hand, the exchange rate could continue to extend gains. In this case the rate could target the weekly R1 located at the 108.13 level.

However, if the given psychological level holds, it is likely that a reversal south could occur in the nearest future. It is unlikely that the pair could decline lower than the 107.02/107.32 range due to the support cluster formed by the 55– and 100-hour SMAs, as well the Fibo 23.60%.

USDJPY

 

fxsoriginal

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD: Consolidates losses around one-week low beyond 0.7100

AUD/USD keeps pullback from 0.7134, bulls await clear direction to extend the three-day losing streak. Risk-tone recently dwindled amid US stimulus chatter, gold’s crash supersedes everything.

AUD/USD News

Gold prices collapse to $1,910 as huge profit-taking kicks-in

Positioning squeeze has taken place as the bulls feeling the heat bail out in droves, triggering stop losses to the bottom of the abyss. Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations.

Gold News

WTI buyers aim to regain $42.00 despite downbeat API data

WTI keeps the bounce off $41.70 following initial downtick amid weaker than prior inventory levels. US-China tussle, uncertainty over American stimulus weigh on the commodities with rising US dollar exerting additional downside pressure.

Oil News

USD/JPY climbs to 18-day highs near 106.50 on surging US T-bond yields

Despite the broad-based USD weakness during the first half of the day, the USD/JPY pair stayed relatively quiet near 106.00 as the JPY struggled to find demand as a safe-haven. 

USD/JPY News

Will NZD see deeper correction as European fx outperform?

Currencies and equities traded higher on the back of better than expected economic data and reports from Russia that they’ve won the global vaccine race. While Russia announced the world’s first approved vaccine ...

Read more

Forex Majors

Cryptocurrencies

Signatures