Economic Calendar
Volatility should be expected, Fundamental data from the United States could bring higher price moves to USD/JPY this week.
USD/JPY hourly chart analysis
Currently, the price is trading below 157.750. This price level can be considered a significant resistance, as it has not been broken since the end of December. If no further momentum occurs, the 154.6900 price level could be tested.Hourly Chart
USD/JPY daily candle chart analysis
On the daily candlestick chart, the current price of USD/JPY is trading between the 200-day and 100-day SMAs. The current price also represents the 38.2% Fibonacci retracement level, considering the price increase from mid-September as the entry point. Further price discovery towards 160.000 is possible if the 156.000 price level is broken, with 160.000 being the next target.
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Traders sentiment mixed
Traders' sentiment is mixed, with short positions making up the majority at 58%, while 48% represent the buy side. However, no significant bias related to USD/JPY has occurred.
Traders' sentiment is mixed, with short positions making up the majority at 58%, while 48% represent the buy side. However, no significant bias related to USD/JPY has occurred.