TRENDING:

GBP/USD

XAU/USD

USD/JPY hovers around cycle high on low volume session

USD/JPY trades stable in the 141.80 area after hitting its highest point since November 2022.
US Stock and bond markets are closed on Juneteenth celebrations.
Eyes on economic data from the US, Chair Powell's testimony on Wednesday.

Patricio Martín FXStreet

The USD/JPY slightly retreated on Monday to the 141.80 area after hitting a multi-month high on Friday. US traders are celebrating Juneteenth and markets are relatively quiet. Investors seem to be consolidating gains after the USD/JPY pair increased more than 100 pips on Friday. The week’s focus remains on economic data from the US, released throughout the next sessions, Chair Powell's testimony before the US Congress and the Bank of Japan (BoJ) minutes out on Tuesday.

Economic data to start shaping July’s Fed decision, eyes on BoJ minutes

Last Wednesday, Jerome Powell stated that the Federal Reserve (Fed) opted for a hike pause, and that officials needed additional information to assess its implications on monetary policy. In that sense, US Housing data to be released on Tuesday, followed by Jobless Claims and S&P PMIs on Thursday and Friday, respectively, may impact their expectations regarding the next July meeting. In addition, Chair Powell’s testimony before Congress on Wednesday may trigger some reaction in USD price dynamics.

As for now, according to the CME FedWatch tool, investors are betting on a 75% probability of the Fed hiking by 25 basis points (bps) to the 5.25%-5.50% range on July 26.

On the other hand, the BoJ will release the minutes of its Friday meeting on Tuesday, where investors will get a better outlook of the bank's stance regarding monetary policy that could potentially impact the Yen.

USD/JPY Levels to watch

The USD/JPY has a bullish outlook in the short term, as per the daily chart. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both in positive territory, and the pair trades above its main moving averages, indicating that the buyers are in charge.

If USD/JPY manages to move higher, the next resistances to watch are at the 142.00 zone, followed by the 142.50 area and the 143.00 zone. On the other hand, the 141.50 area is the immediate support level for USD/JPY. A break below this level could pave the way towards the 20-day Simple Moving Average (SMA) at the 139.90 area and then to the 139.20 zone.

USD/JPY

Overview
Today last price	141.89
Today Daily Change	0.03
Today Daily Change %	0.02
Today daily open	141.86

Trends
Daily SMA20	139.77
Daily SMA50	136.91
Daily SMA100	135.01
Daily SMA200	137.24

Levels
Previous Daily High	141.92
Previous Daily Low	139.85
Previous Weekly High	141.92
Previous Weekly Low	139.01
Previous Monthly High	140.93
Previous Monthly Low	133.5
Daily Fibonacci 38.2%	141.13
Daily Fibonacci 61.8%	140.64
Daily Pivot Point S1	140.51
Daily Pivot Point S2	139.15
Daily Pivot Point S3	138.44
Daily Pivot Point R1	142.57
Daily Pivot Point R2	143.27
Daily Pivot Point R3	144.63

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

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 holds above 1.1750 due to cautious trade before FOMC Minutes

EUR/USD holds ground after four days of little losses, trading around 1.1770 during the Asian hours on Tuesday. The pair remains steady as US Dollar moves little amid market caution ahead of the Federal Open Market Committee December Meeting Minutes due later in the day, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD finds key support near 1.35 despite year-end grind

GBP/USD remains bolstered on the high end as markets grind through the last trading week of the year. Cable caught a bullish tilt to keep price action on the high side of the 1.3500 handle, though year-end holiday volumes are unlikely to see significant progress in either direction as 2025 draws to a close.

Gold gains on Fed rate cut bets, safe-haven demand

Gold price edges higher above $4,350 during the Asian trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Solana risks correction within descending wedge as bearish bets rise

Solana hovers above $120 at press time on Tuesday after a nearly 2% decline on Monday. The SOL-focused Exchange Traded Funds see renewed interest after recording their lowest weekly inflow last week.

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.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Economic data to start shaping July’s Fed decision, eyes on BoJ minutes

USD/JPY Levels to watch

USD/JPY

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2025