Economic Calendar
Low levels of volatility may occur, but it should not be expected, although economic data releases are due from both the U.S. and Japan.
USD/JPY hourly chart analysis
Short-term bearishness may come to an end if the support level at 147.000 holds. If the price stabilizes and bounces off this level, it could signal a potential reversal in sentiment, shifting the market from a bearish to a more neutral or bullish outlook.Hourly Chart
USD/JPY daily candle chart analysis
On the daily chart, the 61.80% Fibonacci retracement level may be tested as a support level in the near term. If the price holds at this level, a bullish move toward 160.00 could be plausible.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 57%, while 43% represent the short side. However, no significant bias related to USD/JPY has occurred.
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 57%, while 43% represent the short side. However, no significant bias related to USD/JPY has occurred.