Economic Calendar
Higher levels of volatility may occur this week; however, it should not be anticipated.
USD/JPY hourly chart analysis
The FX pair is trading within the 152.000–151.000 price level. A push towards 154.000 should be considered; however, if the 151.000 support is broken, further price discovery towards 145.000 could occur.Hourly Chart
USD/JPY daily candle chart analysis
On the daily chart, the Fibonacci retracement level of 38.2% may be tested as a support level in the near term. If the price holds at this level, bullishness towards 160.000 could be plausible.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 55%, while 45% represent the short side. However, no significant bias related to USD/JPY has occurred.
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 55%, while 45% represent the short side. However, no significant bias related to USD/JPY has occurred.