- USD/JPY is trading at daily highs above the 107.40 resistance.
- The FOMC Minutes as Fed's Powell reiterated what most investors already knew.
USD/JPY daily chart
USD/JPY four-hour chart
USD/JPY 30-minute chart
Additional key levels
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.
Latest Forex News
Editors’ Picks
EUR/USD nears daily highs amid the prevalent good mood
The market is cautiously optimistic about trade war headlines, with action limited as investors wait for fresher clues. EU’s manufacturing activity stagnated, services output improved just modestly in December.
GBP/USD consolidating post-election gains
The GBP/USD pair remains confined to the 1.33/1.34 range, easing within range after disappointing preliminary December Markit PMI. Brexit optimism limits the downside.
The phantom of fear pierces crypto market foundations
Negative technical indicators are extremely volatile and are approaching a technical rebound. Ethereum has fundamentals in play versus Bitcoin which could be lethal. XRP is not immune to downfalls and adds to the dangerous game of critical supports.
Gold consolidates in a range, flat-lined around $1475 level
Gold extended its sideways consolidative price action through the early European session on Monday and remained confined in a narrow trading band near the $1475 region.
USD/JPY: Holding on to higher ground but lacking momentum
Positive developments between the US and China keep the mood up. Japanese data mixed, industrial figures continue disappointing. USD/JPY needs to advance beyond 109.72, December monthly high.