Economic Calendar
Only fundamental data from Japan may bring further volatility as U.S. government is still in shutdown.
USD/JPY hourly chart analysis
FX pair is making lower highs and lows and the Simple Moving Averages (SMAs) being in a bearish alignment (50 below 100, 100 below 200). The RSI is below 50 (at 48.28), indicating that bearish momentum is in control. The price is currently facing immediate resistance at the SMA 50 (green line, around 150.768). As long as the price stays below this level, the most likely scenario is a continuation of the downtrend toward the 150.000 psychological support level.Hourly Chart
USD/JPY daily candle chart analysis
USD/JPY daily chart, the trend has turned bullish after a strong breakout from a long sideways consolidation period. The price is now firmly above all key moving averages, which are starting to slope upwards, confirming the new uptrend. The previous resistance around 151.00 is now the main support level.
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Traders sentiment mixed
USD/JPY has no clear directional bias because it has been locked in a long-term sideways range on the daily chart, although directional momentum in the near term may provide way in the near term.