Economic Calendar
Although economic news there are news from Japan that could impact FX pair, no volatility should occur during this trading week.
USD/JPY hourly chart analysis
Recovery from 155.00 has been seen. Move towards 160.000 is highly probable as current price level is below simple moving averages, which could indicate a bullish reversal signal.Hourly Chart
USD/JPY daily candle chart analysis
On the daily candlestick chart, the current price of USD/JPY is trading above the 200-day and 100-day SMAs. Further price discovery towards 160.000 is possible if the 156.000 price level will become overall support level, with 160.000 being the next target.
Read More: Technical Analysis
Traders sentiment mixed
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.
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.