USD/JPY recovers on Thursday

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The USD/JPY currency pair has recovered in the aftermath of the US rate hike. By the start of the day's US trading start at 13:30 GMT, the USD/JPY had reached back up to the resistance zone at 130.20/130.50.

A move above the 130.20/130.50 zone could look for resistance in the 131.00/131.25 zone. Higher above, note the 131.50 level and the weekly R1 simple pivot point at 131.74.

However, a decline of the US Dollar against the Japanese Yen could find support in the combination of the 50 and 100-hour simple moving averages near 129.80. Below the moving averages, the weekly simple pivot point at 129.34 and the 200-hour simple moving average.
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