Economic Calendar
Low levels of volatility may be anticipated due to upcoming fundamental news from both the United States and Japan.
USD/JPY hourly chart analysis
The FX pair is trading above key simple moving averages, signaling growing bullish momentum and a positive market bias. Staying above these levels suggests buyers are in control.If the price breaks above the 148.000 resistance, it could move higher toward the 150.000 level, which is a key technical and psychological target. A break above 150.000 may confirm further bullish strength.
Hourly Chart
USD/JPY daily candle chart analysis
The descending channel pattern has been breached, signaling a potential shift in market sentiment for the FX pair. This breakout suggests that the prolonged downtrend may be losing momentum, and a possible trend reversal could be underway. A confirmed break above the upper boundary of the channel often indicates that buyers are gaining strength and that selling pressure is weakening.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 53%, while 47% 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 53%, while 47% represent the short side. However, no significant bias related to USD/JPY has occurred.