Economic Calendar
Although economic news there are news from Japan that could impact FX pair, no volatility should occur during this trading week.
USD/JPY hourly chart analysis
Recovery from 155.00 has been seen. Move towards 160.000 is highly probable as current price level is below simple moving averages, which could indicate a bullish reversal signal.Hourly Chart
USD/JPY daily candle chart analysis
On the daily candlestick chart, the current price of USD/JPY is trading above the 200-day and 100-day SMAs. Further price discovery towards 160.000 is possible if the 156.000 price level will become overall support level, with 160.000 being the next target.
Traders' sentiment is mixed, with long positions making up the majority at 53%, while 47% represent the short side. However, no significant bias related to USD/JPY has occurred.