- USD/JPY is challenging the weekly highs ahead of the release of the Tokyo inflation at 23:30 GMT.
- The levels to beat for bulls are at the 106.77 and 107.07 resistances.
USD/JPY daily chart
USD/JPY is trading in the upper half of its weekly range while trading below its main daily simple moving averages (DSMAs). The market is holding above the 106.00 handle as the bear trend is currently on hold.
USD/JPY 4-hour chart
USD/JPY is challenging the 106.55 resistance. Bulls would need a daily close above 106.77 resistance to drive the market towards 107.07, 107.22 and 107.77 resistance levels, according to the Technical Confluences Indicator.
USD/JPY 30-minute chart
Dollar/Yen is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at 106.30, 105.12 and 105.90 according to the Technical Confluences Indicator. The Tokyo Consumer Price Index at 23:30 GMT can lead to high volatility in JPY-related pairs.
Additional key levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
AUD/USD: Next on the upside comes the 2025 peak
AUD/USD maintained its constructive outlook well and sound, advancing for the fourth day in a row and surpassing the key barrier at 0.6300 the figure with certain conviction.
EUR/USD: Further gains retarget 1.1470
EUR/USD alternated gains with losses around the 1.1350-1.1360 band in a context of further weakness in the US Dollar and a generalised improved mood in the risk-associated assets.
Gold trades with marked losses near $3,200
Gold seems to have met some daily contention around the $3,200 zone on Monday, coming under renewed downside pressure after hitting record highs near $3,250 earlier in the day, always amid alleviated trade concerns. Declining US yields, in the meantime, should keep the downside contained somehow.
Solana ETF to debut in Canada after approval from regulators
Solana ETF will go live in Canada this week after the Ontario Securities Commission greenlighted applications from Purpose, Evolve, CI and 3iQ. The products will allow staking, enabling investors to earn yield on their holdings.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.