USD/JPY Price Analysis: Dollar pressuring March’s highs, near 111.50, as Fed launches QE

USD/JPY bullish pressure remains unabated at the start of the week.
The level to beat for bulls is the 111.53 resistance.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is bouncing up sharply from the 2020 lows as bulls are eying the 2020 highs. The Fed launched an unlimited Quantitative Easing (QE) however the demand for US dollars vs. yen remains for now unabated at the start of the week.

USD/JPY four-hour chart

USD/JPY bull trend is intact as bulls are challenging the 111.53 resistance. A break beyond the above-mentioned level should lead to further gains towards the 112.46 and 114.00 price levels. Support is expected to hold near 111.00, 110.48 and 110.20 levels.

Resistance: 111.53, 112.46, 114.00

Support: 111.00, 110.48, 110.20

Additional key levels

USD/JPY

Overview
Today last price	111.58
Today Daily Change	0.66
Today Daily Change %	0.60
Today daily open	110.92

Trends
Daily SMA20	107.61
Daily SMA50	108.94
Daily SMA100	108.96
Daily SMA200	108.27

Levels
Previous Daily High	111.51
Previous Daily Low	109.33
Previous Weekly High	111.51
Previous Weekly Low	105.15
Previous Monthly High	112.23
Previous Monthly Low	107.51
Daily Fibonacci 38.2%	110.68
Daily Fibonacci 61.8%	110.16
Daily Pivot Point S1	109.67
Daily Pivot Point S2	108.41
Daily Pivot Point S3	107.49
Daily Pivot Point R1	111.84
Daily Pivot Point R2	112.76
Daily Pivot Point R3	114.02

Author

Flavio Tosti

Independent Analyst

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.