USD/JPY trades around 136.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During the second half of Monday's European trading hours, the USD/JPY currency exchange rate eventually managed to reach above the 136.50 level. Afterwards, the pair paused at the combination of the weekly simple pivot point and the 50-hour simple moving average near 136.80. During Tuesday's early trading, the pair fluctuated in the 136.30/136.80 range, as it appeared to be trading around the 136.50 mark.

If the US Dollar moves higher against the Japanese Yen, the currency pair might encounter resistance almost immediately in the 137.00 mark. Higher above, note the 100-hour simple moving avearge near 137.30, the 137.50 level and the 200-hour simple moving average at 137.84.

On the other hand, a decline of the pair could look for support in the 136.00 and 135.50 levels.
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