The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “It’s a quiet day in the data front, and Japan didn’t release macroeconomic data, while the US one will only include minor figures, including the Richmond Fed Manufacturing Index for May, foreseen at -47 from -53 in the previous month.” “The USD/JPY pair retains its neutral stance with a mildly bullish bias, as, in the 4-hour chart, the pair is developing above all of its moving averages, crossing above the 20 SMA. Technical indicators, in the meantime, turned marginally higher around their mid-lines, although lacking sufficient strength to confirm a new leg north.” “The main resistance continues to be the 108.10 area, with bulls becoming more confident on a break above 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 AUD/USD sits near 2-1/2 month tops, comfortably above mid-0.6600s FX Street 3 years The USD/JPY pair continues to trade within familiar levels, now hovering around 107.70 with a mildly bullish bias, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quotes “It’s a quiet day in the data front, and Japan didn’t release macroeconomic data, while the US one will only include minor figures, including the Richmond Fed Manufacturing Index for May, foreseen at -47 from -53 in the previous month.” “The USD/JPY pair retains its neutral stance with a mildly bullish bias, as, in the 4-hour chart, the pair is developing above all of its moving averages, crossing above the 20 SMA. Technical… 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.
