USD/JPY pierces 143.50 level

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


The USD/JPY has continued to surge, despite slowing down. On Thursday, the currency pair passed above the 143.50 level, before retracing back down and looking for support.

If the rate finds support in the 142.70/143.10 range, it could resume its surge and aim at the combined resistance of the 144.00 mark and the weekly R2 simple pivot point at 144.09. Higher above, note the 144.50 level and the resistance zone at 145.00.

However, a decline of the US Dollar against the Yen is expected to look for support first in the weekly R1 at 142.61, the 100-hour simple moving average and the 142.50 level. Below these levels, note the 141.50/142.00 range and the 200-hour simple moving average.
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