USD/JPY is approaching the strong level of 114.00. There is a big chance for downwards correction.
The US dollar fell against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 113.72, losing 0.15%. I believe that support is now at around 113.51, Tuesday’s low, and resistance is likely at 114.56, high on Thursday.
The wave is slowing down on USD/JPY.
The last day of the week the dollar recovered from the recent weakness and tries to hold 112.00 level with usd/jpy.
USD/JPY: The pair shows some weakness. Next target: 111.70.
USD/JPY: Despite Bullard’s announcement for no more rate hikes this year, the dollar has raised. I believe, it would take effect and the pair will resolve the bearish move.
USD / JPY rose to 112.62 during the Asian session, adding 0.06%. I believe that support is now at 111.97, the low of Thursday, and resistance is at the level of 112.73 - the high of Thursday.
USD/JPY: The pair failed to break the key resistance at 112,87 and is now heading to 122,40. The next support level is 112,34, followed by 112,00. On the flip side, if the pair manages to break 112,87, the next support is at 113.20.
I expect USD/JPY to head to 112.50 in the beginning of next week.
The US dollar fell against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.90, losing 0.46%. I believe that support is now at 111.38, the low of Friday’s trading, and resistance is likely at the level of 112.91 - the maximum of Monday.
The US dollar rose against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 113,20, adding 0.34%. I believe that support is now at 111.78, the low of Monday’s trading, and resistance is likely at the level of 113.39 - the maximum of Wendesday.
USD/JPY: Short-term target: 114.47 (seen on H4 and considering the double bottom at 111.65).
The US dollar declined against the Japanese yen during the Asian session on Monday 113.19, losing 0.01%. I believe that support is now at around 112.58, Friday’s low, and resistance is likely at the level of 113.39, the maximum of Wednesday.
USD/JPY: The pair is heading towards the resistance from 31/10 at 113.40. If it manages to break it, the next level is 114.50 - the maximum of 1/10. On the flip side, the key support is located at 111.70.
The US dollar fell against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 113.78, losing 0.25%. I believe that support is now at around 112.94, the low of Wednesday, and the resistance is likely at the level of 114.09 - the maximum of Thursday.
USD/JPY: The pair tried to rise up yesterday, reaching a peak of 114.20, but closed lower at 113.83. The views are neutral for now, probably with light bearish signals for testing 113.40 / 00. But as price stays above the trendline, I stay up and every downward pressure can be seen as a good opportunity for long positions. On the upside, 114.70 remains an important resistance. A clear break and daily closing over it can open the doors to 115.50 or higher.
Usd/jpy is under pressure due to stalling US - China trade deal. During the Asian session the pair fell to 113.32.
USD/JPY: On Friday FED’s officials dipped the pair with 60 pips. It found support at 112.84. On its way down, the next support is at 112.60.
The US dollar declined against the Japanese yen on Monday. During the Asian session, USD / JPY was traded at 112.75, losing 0.06%. I believe that support is now at around 112.61, Monday is low, and resistance is likely at the level of 114.02 - the maximum of Wednesday.
The US dollar rose against the Japanese yen on Friday to 112.98, adding 0.03%. I believe that support is now at 112.31, the low of Tuesday, and resistance is likely at the level of 113.14 - the maximum of Wednesday.