Economic Calendar
Volatility may be higher this week but not significantly, considering the low impact of the dollar repricing on the Japanese yen. Only macroeconomic news from the U.S. is expected to affect the FX pair this week.
USD/JPY hourly chart analysis
The FX pair is currently trading within the 154.000 to 156.000 range. Accordingly, bullish momentum could push the pair towards 158.500 if the 156.000 level is broken. If bearishness increases, price discovery below 148.000 becomes a high probability.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.
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Traders sentiment mixed
Traders' sentiment is mixed, with long positions making up the majority at 51%, while 49% 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 51%, while 49% represent the short side. However, no significant bias related to USD/JPY has occurred.