USD/JPY rises to the highest level in five months above 106.20

  • Japanese yen remain among worst performer even as US stocks decline.
  • USD/JPY gains for the third consecutive day.

The USD/JPY pair rose further during the American session, boosted by higher US yields and reached at 106.28, the highest level since September 10. In Wall Street, stocks indices are extending losses.

Stocks down, also JPY

The USD/JPY is trading at daily highs above 106.20, supported by higher yields. During the last hours, yields pulled back modestly, but the pair still managed to print fresh highs even as equity prices extended losses.

In Wall Street, the Dow Jones is falling 0.89%, and the Nasdaq drops by 2.01%. The deterioration in market sentiment is not boosting the Japanese yen versus the US dollar. The DXY is off lows, near 89.90, rising on the back of risk aversion. Earlier on Thursday, the index bottomed at 89.67, the lowest since January 8.

From a technical perspective, the bullish outlook in USD/JPY remains firm. The immediate resistance is located at 106.30 and above at 106.60. On the flip side, support might be seen at 105.75, followed by 105.50. A daily close under 105.25 (20-day moving average) would alleviate the positive momentum.

Technical levels


Today last price 106.25
Today Daily Change 0.38
Today Daily Change % 0.36
Today daily open 105.87
Daily SMA20 105.17
Daily SMA50 104.22
Daily SMA100 104.39
Daily SMA200 105.47
Previous Daily High 106.1
Previous Daily Low 105.19
Previous Weekly High 106.22
Previous Weekly Low 104.92
Previous Monthly High 104.94
Previous Monthly Low 102.59
Daily Fibonacci 38.2% 105.76
Daily Fibonacci 61.8% 105.54
Daily Pivot Point S1 105.34
Daily Pivot Point S2 104.81
Daily Pivot Point S3 104.43
Daily Pivot Point R1 106.25
Daily Pivot Point R2 106.63
Daily Pivot Point R3 107.16



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.

Feed news

Take advantage of market volatility with our daily Forex, Crypto and Indices Trade Ideas!

Become Premium!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD holds on to weekly gains, aims to 1.2100

EUR/USD pressures this week high at 1.2079 after the EU services sector moved back into expansion territory according to Markit, the first time since August.


GBP/USD extends decline towards the 1.3800 price zone

Upbeat UK data fell short of boosting the pound, hurt by Brexit jitters in Ireland. US macroeconomic figures making the difference in the dollar’s favor.


Bitcoin, Ethereum and XRP plummet, breaching critical support levels

Bitcoin price has dropped 12.7% since yesterday and shows no signs of stopping. Ethereum price follows the pioneer crypto’s lead and might retest $2,000 again. Unlike BTC or ETH, XRP price shows signs of recovery as long as it stays above a critical demand zone.

Read more

XAU/USD drops below $1,780 area as US T-bond yields rebound

Gold lost its traction after climbing toward $1,800 on Friday. 10-year US Treasury bond yield is up nearly 2%. Latest PMI data from US underlined strong price pressures.

Gold News

Bionano Genomics Inc runs into technical resistance, put options may work here

BNGO shares have continued to suffer post the retail meme crowd moving on. BNGO shares bounce from lows as DeMark buy signal flashes on Monday. BNGO shares trend up to resistance at 100 day moving average.

Read more