USD/JPY will trade at 112.40 level

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 34% 35% -2.94%
Shorts 66% 65% 1.52%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Neutral Neutral Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The US Dollar appreciated 0.43% against the Japanese Yen since Tuesday's session. During the previous trading session, the currency pair broke the 55-hour and the 100-hour SMA to stop the trade at 111.81 mark. During Wednesday's morning hours, the US Dollar was trading between the SMAs at 112.27 mark. 

In regards to the near-term future, the US dollar will trade upwards to the monthly PP at 112.60 level due to the support of the 100-hour and 55-hour SMAs. 

On the other side, the currency exchange rate could depreciate to pass through the SMAs due to today's US FOMC Meeting Minutes at 18:00 GMT . Watch out for the news!

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