The Dollar is gaining on the safe haven Japanese Yen as Tuesday winds through markets. Data for the week remains mid-tier for both major currencies, and market sentiment is taking the opportunity to swing risk-prone. The USD/JPY is climbing into 110.10 as the US Dollar recovers across the broader market, grinding higher against the majority of G10 currencies in Tuesday’s Asian trading window. The Dollar-Yen pairing is lifting into familiar resistance territory after the pair priced in a high in May of 111.40, before slipping back into 108.10, but the USD/JPY is now back into familiar territory as USD bulls continue to push the Dollar higher while the safe haven Yen relaxes with market participants letting trade tensions between the US and China ease, at least for now. The JPY’s next meaningful data point will be coming late on Tuesday at 23:50 GMT, with m/m Machinery Orders for May expected at -5.5% compared to the previous reading of 10.1%. USD/JPY Technical analysis Risk appetite is on the rise, and the Dollar is driving higher against the JPY, lifting above the 111.00 key barrier. The USD/JPY has been pricing in consecutive higher lows across higher timeframes, and Greenback bulls will be looking to extend momentum as the USD/JPY edges closer towards flipping 2018 into a net-positive year. Spot rate: 111.13 Relative change: 0.32% High: 111.15 Low: 110.76 Trend: Bullish Support 1: 110.76 (current day low) Support 2: 110.36 (current week low) Support 3: 109.36 (one month low) Resistance 1: 111.87 (R3 weekly pivot) Resistance 2: 112.00 (major technical level) Resistance 3: 112.38 (R2 monthly pivot) USD/JPY Chart, 15-Minute 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 EUR/USD risk reversals hit one-month high FX Street 3 years The Dollar is gaining on the safe haven Japanese Yen as Tuesday winds through markets. Data for the week remains mid-tier for both major currencies, and market sentiment is taking the opportunity to swing risk-prone. The USD/JPY is climbing into 110.10 as the US Dollar recovers across the broader market, grinding higher against the majority of G10 currencies in Tuesday's Asian trading window. The Dollar-Yen pairing is lifting into familiar resistance territory after the pair priced in a high in May of 111.40, before slipping back into 108.10, but the USD/JPY is now back into familiar territory as USD bulls… Top 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.
