The safe-haven Yen is being dumped as the trade talks are sparking positive market sentiment. USD/JPY is challenging the 108.56 resistance in the New York session. USD/JPY daily chart The USD/JPY exchange rate is trading in a bear trend below its 200-day simple moving average (DSMA). However, the market is rebounding sharply from the October lows and is now challenging levels not seen since late July. USD/JPY four-hour chart USD/JPY is trading above its main SMAs on the four-hour chart, suggesting bullish momentum in the medium term. The market is challenging the 108.56 resistance. A daily close above this level can open the doors to the 109.12 price level, according to the Technical Confluences Indicator. USD/JPY 30-minute chart The USD/JPY currency pair is trading above the main SMAs, suggesting bullish momentum in the near term. Immediate supports are seen at the 108.16 and 107.70 levels, according to the Technical Confluences Indicator. 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. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Fed to begin Treasury bond purchases of about $60 billion per month FX Street 4 years The safe-haven Yen is being dumped as the trade talks are sparking positive market sentiment. USD/JPY is challenging the 108.56 resistance in the New York session. USD/JPY daily chart The USD/JPY exchange rate is trading in a bear trend below its 200-day simple moving average (DSMA). However, the market is rebounding sharply from the October lows and is now challenging levels not seen since late July. USD/JPY four-hour chart USD/JPY is trading above its main SMAs on the four-hour chart, suggesting bullish momentum in the medium term. The market is… 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.
