USD/JPY trades at 150.00

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


On Thursday morning, the USD/JPY currency pair shortly reached above the 150.00 mark and the weekly R2 simple pivot point at 149.98. The 150.00 mark is a major benchmark for the pair and most financial news outlets are reporting on the event.

A move above the 150.00 mark would have no technical resistance as high as the weekly R3 simple pivot point at 151.20. Meanwhile, note that the 150.50 and 151.00 levels could act as resistance.

Meanwhile, a potential decline of the US Dollar against the Japanese Yen could look for support in the 149.50 level and the 50-hour simple moving average. Below these levels note the lower trend line of a channel up pattern and the 100-hour simple moving average.
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