Economic Calendar
Higher volatility may occur this week due to economic data releases from Japan and United States, which could impact the price.
USD/JPY hourly chart analysis
Sideways trading could occur in the short term which would lead to a trading range from 148.7000 to 151.00.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 58%, while 42% 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 58%, while 42% represent the short side. However, no significant bias related to USD/JPY has occurred.