USD/JPY technical analysis: Greenback hangs near four-day highs after FOMC Minutes

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.

Flavio Tosti Independent Analyst

USD/JPY daily chart

The USD/JPY exchange rate is trading in a bear trend below its 100 and 200-day simple moving averages (DSMAs). However, the spot is attempting to find some support near the 50 SMA at the 106.90 level. The FOMC Minutes were a non-event with little market reaction. Chief’s Powell reiterated what most market players already know: “risks come from abroad, chances of a recession are limited and the economy overall is healthy.”

USD/JPY four-hour chart

USD/JPY is settling above the 107.40 resistance while challenging the 100 SMA on the four-hour chart. The market might try to reach 107.70 resistance on the way up, according to the Technical Confluences Indicator. A break of the level can expose 108.16 resistance if the bulls gather enough steam.

USD/JPY 30-minute chart

The USD/JPY currency pair is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate supports are seen at the 107.40/20 support zone and 107.00 figure, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	107.5
Today Daily Change	0.42
Today Daily Change %	0.39
Today daily open	107.08

Trends
Daily SMA20	107.68
Daily SMA50	106.93
Daily SMA100	107.64
Daily SMA200	109.08

Levels
Previous Daily High	107.45
Previous Daily Low	106.8
Previous Weekly High	108.48
Previous Weekly Low	106.48
Previous Monthly High	108.48
Previous Monthly Low	105.74
Daily Fibonacci 38.2%	107.05
Daily Fibonacci 61.8%	107.2
Daily Pivot Point S1	106.78
Daily Pivot Point S2	106.47
Daily Pivot Point S3	106.13
Daily Pivot Point R1	107.42
Daily Pivot Point R2	107.75
Daily Pivot Point R3	108.06

Author

Flavio Tosti

Independent Analyst

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

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.