Economic Calendar
Higher volatility may occur this week due to economic uncertainty coming from the U.S.
USD/JPY hourly chart analysis
In the short term, the FX pair may continue trading within the range of 147.500 to 145.000. The FX is trading below the simple moving averages, but the situation may change if bullishness occurs.Hourly Chart
USD/JPY daily candle chart analysis
On the daily chart, the 61.80% Fibonacci retracement level may be tested multiple times as a support level in the near term. If the price holds at this level, a bullish move toward 160.00 could be plausible. If no bullishness occurs, a move toward 140.00 may be considered.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 57%, while 43% 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 57%, while 43% represent the short side. However, no significant bias related to USD/JPY has occurred.