• USD/JPY posts gains for the second straight day but loses some steam.
  • Mixed economic data from the US tumbled US bond yields and boosted the US Dollar.
  • The latest Tokyo inflation report pushed back expectations of monetary policy normalization by the Bank of Japan.

USD/JPY is virtually unchanged late in the North American session, hovers at around the current week's highs after hitting a daily low of 146.55, exchanges hands at around 147.28, and gains 0.05%.

Sour market sentiment keeps USD/JPY trapped at around 147.20

Wall Street is posting losses, except for the Nasdaq 100, which is up 0.15%. Economic data in the United States (US) was mixed as the JOLTs Job Opening report revealed the labor market is cooling after the data registered a two-and-a-half-year low, missing estimates and September’s figures. Nevertheless, the Institute for Supply Management (ISM) announced that business activity in the services sector expanded and smashed forecasts. The Non-Manufacturing PMI in November rose by 52.7, above the 52 foreseen and October’s 51.8.

Following the data, the US Dollar Index (DXY) seesawed but resumed its uptrend, posting two-week highs at 104.10. Contrarily, US bond yields tumbled, with the 10-year benchmark note coupon, closely correlated to the USD/JPY pair, dropping nine basis points to 4.16%, a headwind for the major.

Despite that, traders continued to reinforce their view the US Federal Reserve (Fed) finished its tightening cycle. They estimate the Fed would slash 137 basis points to the Federal Funds Rate (FFR), suggesting that reference rates will be at around 4%.

Aside from this, Tokyo’s CPI report showed that prices are cooling, pushing out expectations for a Bank of Japan (BoJ) liftoff.

The focus turns to the release of further US employment data. The ADP Employment Change would be released on Wednesday, followed by Thursday’s unemployment claims and Friday's Nonfarm Payrolls.

USD/JPY Technical Levels


Today last price 147.26
Today Daily Change -0.03
Today Daily Change % -0.02
Today daily open 147.29
Daily SMA20 149.46
Daily SMA50 149.57
Daily SMA100 147.25
Daily SMA200 142.15
Previous Daily High 147.45
Previous Daily Low 146.23
Previous Weekly High 149.68
Previous Weekly Low 146.66
Previous Monthly High 151.91
Previous Monthly Low 146.67
Daily Fibonacci 38.2% 146.98
Daily Fibonacci 61.8% 146.69
Daily Pivot Point S1 146.53
Daily Pivot Point S2 145.76
Daily Pivot Point S3 145.3
Daily Pivot Point R1 147.75
Daily Pivot Point R2 148.21
Daily Pivot Point R3 148.98



Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content

Recommended content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.


GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.


Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more