USD/JPY encounters resistance at 144.50

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


The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support.

An extension of the short term decline could look for support in the 100-hour simple moving average and the 143.00 level. Further below, take into account that the weekly simple pivot point might act as support at 142.63, before the rate reaches the 141.65/142.00 range.

On the other hand, a recovery of the US Dollar against the Yen is set to face the 143.45/143.80 zone and the 144.50 mark.
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