USD/JPY

On Thursday, the USD/JPY currency pair tumbled significantly to the weekly PP at 105.12. During today's morning, the pair was testing the given level.

It is likely that a reversal north could occur in the nearest future. In this case the exchange rate would have to exceed the monthly PP and the 200-hour SMA in the 105.35 area.

In the meantime, if the given resistance holds, it is likely that the US Dollar could trade sideways against the Japanese Yen within the following trading session.

USDJPY

fxsoriginal

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD holds ground as RBA leaves the door open for a hike

AUD/USD holds ground as RBA leaves the door open for a hike

Tuesday's session witnessed the Australian Dollar clearing losses against the US Dollar following the release of the hawkish RBA minutes and the US JOLTs figures from May. For the USD, the confidence of Jerome Powell on inflation coming back down sooner on the prospects of a cooling labor market weakened the Greenback.

AUD/USD News

USD/JPY extends gains near 161.50 ahead of US data, FOMC Minutes

USD/JPY extends gains near 161.50 ahead of US data, FOMC Minutes

The USD/JPY pair trades on a stronger note near 161.40 after reaching a new high for this move near 161.75 during the early Asian trading hours on Wednesday. Market players remain focused on the possible foreign exchange intervention from the Bank of Japan, which might cap the pair’s upside. 

USD/JPY News

Gold falls amid falling US yields, soft US Dollar

Gold falls amid falling US yields, soft US Dollar

Gold price slid during the North American session as market participants digested Federal Reserve Chair Jerome Powell’s comments at a European Central Bank forum in Portugal. Powell turned slightly dovish, yet US Treasury yields remained firm. The XAU/USD trades around $2,324.

Gold News

Ethereum ETFs set for $5 billion inflows despite ETH Foundation's continuous sales

Ethereum ETFs set for $5 billion inflows despite ETH Foundation's continuous sales

Ethereum is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.

Read more

Benefit of the doubt: US consumer confidence and elections

Benefit of the doubt: US consumer confidence and elections

Despite widespread expectation for the US economy to be in recession in 2024, that fate has been avoided thanks to a resilient consumer. Yet it is difficult to square this undaunted spending with consumer confidence and sentiment readings that are lackluster at best.

Read more

Majors

Cryptocurrencies

Signatures