USD/JPY Price Analysis: Greenback climbs to 109.50 nearing multi-month highs

USD/JPY is bouncing up strongly trading at its highest since the start of January.
Resistances are seen at 109.50 and 109.90 levels.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is bouncing strongly from the 108.00 handle as the spot is regaining momentum above the main simple moving averages (SMAs).

USD/JPY four-hour chart

The spot pushed its way higher to the 109.50 resistance. However, this can be a tough nut to crack and the market can enter a consolidation now, potentially in the 109.00/109.50 range. In the event the bulls extend the run the 109.90 and 110.15 level can provide resistance. On the flip side, the bearish case would involve a break of 109.00 support and a drop towards the 108.45/28 price zone, according to the Technical Confluences Indicator.

Additional key levels

USD/JPY

Overview
Today last price	109.51
Today Daily Change	0.47
Today Daily Change %	0.43
Today daily open	109.04

Trends
Daily SMA20	109.11
Daily SMA50	108.94
Daily SMA100	108.27
Daily SMA200	108.62

Levels
Previous Daily High	109.25
Previous Daily Low	107.65
Previous Weekly High	109.49
Previous Weekly Low	107.84
Previous Monthly High	109.8
Previous Monthly Low	108.43
Daily Fibonacci 38.2%	108.64
Daily Fibonacci 61.8%	108.26
Daily Pivot Point S1	108.04
Daily Pivot Point S2	107.05
Daily Pivot Point S3	106.44
Daily Pivot Point R1	109.64
Daily Pivot Point R2	110.24
Daily Pivot Point R3	111.24

Author

Flavio Tosti

Independent Analyst

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

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.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

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.