TRENDING:

GBP/USD

XAU/USD

USD/JPY: The recovery begins to really develop now [Video]

Richard Perry Independent Analyst

USD/JPY

Another remarkable session of swinging sentiment on the dollar saw the eventual formation of a second decisive positive candle for Dollar/Yen. For a second consecutive session, an initial move lower was used as another chance to buy and this marks a significant shift in sentiment as the recovery begins to really develop now. The hourly chart shows the decisive move above 104.85 resistance to complete a small base pattern and imply +85 pips of additional recovery. This may not sound like much but there has been a significant shift in the outlook over the past couple of sessions where a recovery is now building strongly. Momentum indicators are reacting strongly too, with a bull cross now on Stochastics, whilst RSI has also turned higher. Early gains today add to this move. There is upside potential in this near term bounce, but the daily chart shows the need to pull through the initial overhead supply 105.10/105.30 from all the old August lows. This is being tested this morning. Above 15.30 brings the market up towards the old 106 pivot area again. The hourly chart shows 104.85 is growing as neckline support above 104.40 as a higher low.

Author

Richard Perry

Independent Analyst

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD gathers strength above 1.1750 as Fed rate cut prospects pressure US Dollar

The EUR/USD pair trades in positive territory around 1.1775 during the early Asian session on Monday. The prospect of a US Federal Reserve rate cut in 2026 weighs on the US Dollar against the Euro. Markets brace for US President Donald Trump to nominate a Fed chair to replace Jerome Powell, whose term ends in May.

GBP/USD edges lower near 0.7400, eyes Fed rate cut outlook

GBP/USD edges lower after a gap-up open, trading around 0.7410 during the Asian hours on Monday. However, the pair may gain ground as the US Dollar faces challenges, which could be attributed to growing expectations of two more rate cuts by the Federal Reserve in 2026.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

USD/JPY

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025