Economic Calendar
Overall lower volatility should be expected as a primary scenario.
USD/JPY hourly chart analysis
USD/JPY is trading around 156.50 and consolidating after a recent pullback from highs near 157.30. The price is below the 50-hour SMA and near the 100-hour SMA, indicating weakening short-term momentum but a neutral to slightly bullish broader trend. Support holds near 156.25, and resistance is around 156.80 to 157.00. RSI is neutral at 51, reflecting indecision. A break above 157.00 could lead to gains toward 157.50, while a drop below 156.25 may push the pair down to 155.80. Overall, the pair is range-bound and waiting for a clear breakout.Hourly Chart
USD/JPY daily candle chart analysis
Continuing previous week trend, USD/JPY pair is exhibiting a robust long-term bullish trend, evidenced by the price trading well above all major Moving Averages, with the 50 SMA blue line at 153.59 serving as the primary medium-term support while the 100 green and 200 red SMAs trail significantly lower at 150.67 and 148.15 respectively.
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Traders are short
About 67% of traders are short on USD/JPY, showing strong bearish sentiment.