- USD/JPY starts the week in a tight range near the 107.00 handle.
- The level to beat for bulls is the 107.00 figure followed by the 107.40 resistance.
USD/JPY daily chart
USD/JPY is trading in a bear trend below the main simple moving averages (SMAs). The market is challenging the 50 SMA this Monday in the New York session.
USD/JPY four-hour chart
USD/JPY is under pressure below the 107.00 figure and main 200 SMA. A break below the 106.80 support can expose the 106.40 level to the downside, according to the Technical Confluences Indicator.
USD/JPY 30-minute chart
The USD/JPY currency pair is trading above the 50/100 SMAs, suggesting a consolidation up in the near term. Immediate resistances are seen at the 107.00 and 107.40 price levels. Further up lie the 107.70 level, according to the Technical Confluences Indicator.
Additional key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD stays near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the early American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders but failed to provide a boost to the US Dollar.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold manages to hold above $2,300
Gold struggles to stage a rebound following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% ahead of US data, not allowing XAU/USD to gain traction.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.