Home USD/JPY price analysis: Greenback trades at daily lows against yen, sub-109.00 handle
FXStreet News

USD/JPY price analysis: Greenback trades at daily lows against yen, sub-109.00 handle

FX Street
Published date:
  • USD/JPY remains vulnerable below the 109.00 figure in the New York session.
  • The 106.59 support is on the bear’s radar.
 

USD/JPY daily chart

 
USD/JPY is correcting the recent drop below the 109.00 figure and the 200-day simple moving average (DMA) on the daily time frame.
 

USD/JPY four-hour chart

 
USD/JPY remains on the back foot below the 109.04 resistance and the main SMAs. Bears will likely try retest 108.59 support. If this level fails to hold prices, the spot could decline towards the 108.36/25 level, according to the Technical Confluences Indicator.
   

USD/JPY 30-minute chart

 
USD/JPY is trading below a downward sloping 200 SMA on the 30-minute chart suggesting a bearish bias in the near term. Resistance is seen at 109.04 and 109.49 price levels, according to the Technical Confluences Indicator.
   

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2026