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USD/JPY starts the week by erasing most of last Friday’s selloff.
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The levels to beat for bulls are at the 106.30 and 106.55 resistances.
USD/JPY daily chart
USD/JPY 4-hour chart
USD/JPY 30-minute chart
Additional key levels
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Editors’ Picks
AUD/USD: Strong resistance lies at 0.6300
The marked sell-off in the US Dollar allowed AUD/USD to regain strong upside traction and reach multi-day highs in the area just below the key 0.6300 barrier at the beginning of the week.
EUR/USD: Bulls need to clear 1.0400 on a convincing fashion
In line with the rest of the risk-associated complex, EUR/USD managed to regain marked buying pressure and flirted with the area of three-week highs around 1.0430 on Monday.
Gold remains focused on all-time highs
Gold stays in positive territory above $2,700 on Monday as the improving risk mood makes it difficult for the US Dollar to find demand. Markets await US President Donald Trump's speech at the inauguration ceremony.
Solana Price Forecast: Are US traders dumping Bitcoin and XRP for SOL?
Solana (SOL) price stabilized near the $250 support level on Monday, having declined 10% from its all-time high over the last 24 hours.
GBP/USD stays defensive below 1.2200, awaits Trump 2.0
GBP/USD struggles to gain traction and trades slightly below 1.2200 in the second half of the day on Monday. Markets' nervousness ahead of US President-elect Donald Trump's inauguration drag the pair lower despite a broadly weaker US Dollar.
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