USD/JPY outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY has seen a slight recovery up to 150.000 in the previous week.

Economic Calendar



Higher volatility may occur this week due to economic data releases from Japan and United States, which could impact the price.



USD/JPY hourly chart analysis

Sideways trading could occur in the short term which would lead to a trading range from 148.7000 to 151.00.

Hourly Chart

USD/JPY daily candle chart analysis

On the daily chart, the 61.80% Fibonacci retracement level may be tested multiple times as a support level in the near term. If the price holds at this level, a bullish move toward 160.00 could be plausible.

Daily chart


Traders sentiment mixed







Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 58%, while 42% represent the short side. However, no significant bias related to USD/JPY has occurred.

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