Economic Calendar
Higher than usual volatility should not be expected from the economical news, from both Japan and United States.
USD/JPY hourly chart analysis
In the short term, the FX pair is currently trading below its key simple moving averages (SMAs), such as the 50-day and 100-day averages. This technical positioning often signals a continuation of bearish momentum, as it reflects sustained downward pressure in recent trading sessions. The inability to reclaim these moving averages may suggest that the pair lacks the strength for a meaningful recovery in the near term. As a result, a further move to the downside appears plausible, with the 140.00 level emerging as a potential support target.Hourly Chart
USD/JPY daily candle chart analysis
A long-term descending channel may be forming, suggesting a continued bearish trend. If the pattern holds, the price could stay within the channel and gradually move toward the key support level at 140.000. Traders should watch for reactions near the channel boundaries, as a break below support could confirm further downside, while a breakout above the channel may signal a trend reversal.
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Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 55%, while 45% 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 55%, while 45% represent the short side. However, no significant bias related to USD/JPY has occurred.