The USD/JPY pair has been trading between 107.30 and 108.10, currently at 107.84, for almost two weeks and is technically neutral, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “US will release April Durable Goods Orders, seen plunging by 19%, which would be a new record fall. It will also publish the second version of Q1 GDP, seen unchanged at -4.8%, and Initial Jobless Claims for the week ended May 22, seen printing 2.1 million.” “The potential of a bearish extension seems limited in the short-term, as the 4-hour chart shows that the pair is holding above a flat 20 SMA, while the 100 SMA advances below the 200 SMA. Technical indicators, however, have turned lower within neutral levels.” “USD/JPY would need to clear one of the extremes of the range to have chances of gaining some directional traction, although, given the ruling uncertainty, it would require a strong catalyst to trigger it.” 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. View All Post By FX Street FXStreet News share Read Next GBP/USD drops to mid-1.2200s on dovish BoE commentary FX Street 3 years The USD/JPY pair has been trading between 107.30 and 108.10, currently at 107.84, for almost two weeks and is technically neutral, FXStreet’s Chief Analyst Valeria Bednarik briefs. Key quotes “US will release April Durable Goods Orders, seen plunging by 19%, which would be a new record fall. It will also publish the second version of Q1 GDP, seen unchanged at -4.8%, and Initial Jobless Claims for the week ended May 22, seen printing 2.1 million.” “The potential of a bearish extension seems limited in the short-term, as the 4-hour chart shows that the pair is holding above a flat 20… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
