- USD/JPY is gaining steam as the market challenges the 50 DSMA.
- The next main resistance to the upside is seen at the 108.86 level.
USD/JPY daily chart
USD/JPY is challenging the 108.50 level and the 50-day simple moving average (DSMA), as US bond yields are creeping up.
USD/JPY 4-hour chart
USD/JPY broke above 108.41 resistance, opening the doors to further gains towards the 108.86 level, according to the Technical Confluences Indicator.
USD/JPY 30-minute chart
USD/JPY is trading above the main SMAs suggesting a bullish bias in the near term. Immediate supports can be seen at the 108.41 and the 108.03 levels, according to the Technical Confluences Indicator
Additional key levels
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