Economic Calendar
Higher volatility may occur this week due to the Fed's interest rate decision and economic data releases from Japan.
USD/JPY hourly chart analysis
A trend reversal may occur in the short term, pushing the FX pair above 149.000, towards the 150.000 price level. Bearish pressure could push the price down towards the 147.000 support level.Hourly Chart
USD/JPY daily candle chart analysis
On the daily chart, the 61.80% Fibonacci retracement level may be tested multiple times as a support level in the near term. If the price holds at this level, a bullish move toward 160.00 could be plausible.
Read More: Technical Analysis
Traders sentiment mixed
Continuing previous week, traders' sentiment is mixed, with long positions making up the majority at 66%, while 34% 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 66%, while 34% represent the short side. However, no significant bias related to USD/JPY has occurred.