USD/JPY aims at 140.00

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


The USD/JPY has moved above the 139.00 mark and the weekly R1 simple pivot point at 139.18. The rate's recent surge was caused by the 100-hour simple moving average.

An extension of the ongoing surge might be stopped by the 140.00 mark. Higher above, the combination of the 140.50 level and the weekly R2 simple pivot point could stop the surge of the US Dollar against the Yen.

However, in the case of a decline of the USD support might be looked for in the weekly R1 at 139.18, before the 138.70/138.90 range and the 50 and 100-hour simple moving averages are reached.
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