USD/JPY remains below 145.00

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


The USD/JPY surge has encountered resistance in the 145.00 mark and retraced below the 50 and 100-hour simple moving averages. The moving averages have guided the pair up since mid-June. However, support was being found in the 144.00 level.

A decline below the 144.00 level could look for support either in the 200-hour simple moving average near 143.70 or the 143.50 level. Further below, take into account the weekly S1 simple pivot point at 143.08 and the 143.00 level.

In the case of a resumption of the broader US Dollar's surge against the Japanese Yen, the rate would have to break the resistance of the 144.90/145.10 range. Above the resistance range take into account the weekly R1 simple pivot at 145.22.

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