USD/JPY remains in prior range

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


Despite the release of US inflation data, the USD/JPY continues to trade almost flat. Resistance is provided by the 147.90/148.20 zone. Support is found in the 146.00/146.50 zone.

A potential extension of the prior recovery is set to face the 147.90/148.20 zone. Higher above, note the 148.50/148.85 range and the 149.00 level. Both of these could stop, or even reverse the pair, before it reaches the 150.00 mark.

In the case of a decline, the rate would have to first pass below the 146.00/146.50 range and the 200-hour simple moving average. If these levels fail, the pair would be set to decline to the 145.00 level and the weekly simple pivot point at 145.40.
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