Economic Calendar
Higher volatility levels may persist, considering both the U.S. and Japan are set to release key fundamental data.
USD/JPY hourly chart analysis
The FX pair has demonstrated a gradual bearish directional bias, with price action slipping below the 144.00 level, which previously acted as a significant resistance-turned-support zone. This slow downward movement suggests a weakening of bullish momentum and a potential shift in market sentiment. The breach of the 144.00 handle may indicate increased selling pressure, especially if reinforced by broader macroeconomic factors or technical indicators such as declining moving averages or bearish divergence on momentum oscillators.Hourly Chart
USD/JPY daily candle chart analysis
The descending channel pattern has been breached, signaling a potential shift in market sentiment for the FX pair. This breakout suggests that the prolonged downtrend may be losing momentum, and a possible trend reversal could be underway. A confirmed break above the upper boundary of the channel often indicates that buyers are gaining strength and that selling pressure is weakening.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 51%, while 49% 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 51%, while 49% represent the short side. However, no significant bias related to USD/JPY has occurred.