Home USD/JPY Price Analysis: US dollar trades in 5-day’s highs vs. yen amidst better market mood
FXStreet News

USD/JPY Price Analysis: US dollar trades in 5-day’s highs vs. yen amidst better market mood

FX Street
Updated:
  • USD/JPY is stabilizing above the 107.00 handle. 
  • The level to beat for buyers is the 110.00 resistance.
 

USD/JPY daily chart

 
USD/JPY is trading above the main SMAs as the market is attempting to stabilize above the 107.00 handle amid better market mood with major stock indices up at the start of the new week. 
 

USD/JPY four-hour chart

 
USD/JPY is trading above the 108.70 support and the main SMAs on the four-hour chart as bulls are looking for a continuation up en route to the 110.00, 111.00 and 111.70 resistance levels on the way up. Support can be expected near the 108.70, 108.00 and 107.00 levels. 
 

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 – 2024