Economic Calendar
Volatility is not expected this week for this currency pair, although multiple economic data releases could influence overall volatility levels.
USD/JPY hourly chart analysis
Short-term bullish momentum could push the FX pair above the 151.000 price level. If bullishness does not occur, further price movement toward 145.000 could be a possibility.Hourly Chart
USD/JPY daily candle chart analysis
On the daily chart, the 50.0% 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 160.000 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 54%, while 46% 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 54%, while 46% represent the short side. However, no significant bias related to USD/JPY has occurred.