USDJPY looking for a direction

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY has continued to show a slight decrease in price, primarily due to dollar strength, reaching a level of 154.400.

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.

Daily chart


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.

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