Home USD/JPY New York Price Analysis: Greenback stable near 107.40 vs. Japanese yen after US inflation data
FXStreet News

USD/JPY New York Price Analysis: Greenback stable near 107.40 vs. Japanese yen after US inflation data

FX Street
Published date:
  • USD/JPY is unfazed after the release of the US CPI which came in worst-than-expected.
  • Support can be seen near the 107.00 price level. 
 

USD/JPY daily chart

 
USD/JPY remains essentially directionless while trading below the main SMAs as the recent US inflation dated disappointed. 
  

USD/JPY four-hour chart

 
USD/JPY is trading off the May highs just below the 200 SMA on the four-hour chart. Bulls want a continuation of the upward movement started a few days ago with an initial target of 108.20 followed by the 109.00 level. Conversely, sellers will be looking for a break below the 107.00 level and run towards the 106.30 level in the medium-term.
 

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