USD/JPY trades flat

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


Since Monday morning, the USD/JPY currency exchange rate has been fluctuating between the support of the 138.07/138.26 zone and resistance at 138.86/139.08.

A move above the 138.86/139.08 zone could result in the pair testing the resistance of the 139.50 and 140.00 levels. Higher above, note the weekly R3 simple pivot point at 140.35.

On the other hand, a decline of the US Dollar against the Japanese Yen below 138.07/138.26 might look for support in the 138.00 mark and the 100-hour simple moving average. Further below, take into account the 200-hour simple moving average and the 137.50 level.
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