USD/JPY Today for Newbies need confirmation

USD/JPY
Key levels to watch for:
Support: 111.00; 109.50;
Resistance: 114.00; 116.45.

Dollar/yen had a bullish momentum yesterday, topped at 111.94 and hit 112.19 earlier this morning. The bias remains for up to test 112.85 as part of the bullish scenario hammer formation. Immediate support is near 111.30. A clear break below could bring price to neutral trade zone.

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY is trading at 111.40, losing 0.47%. I believe that support is now at around 110.09, Monday’s low, and resistance is likely to come in at 112.20, the high of today’s trading.

The pair is consolidation in a narrow range short term, but well within negative territory, break below 111.00 level would like lead to further decline.

The dollar registered a volatile session against the yen on Tuesday. Although the trend varies widely, eventually opening price was close to that of closing, respectively, 110.89 and 110.73. In the early hours of the trade the trend was bearish in nature and so the pair hit bottom at 110.26, but later the dollar offset losses. If the negative momentum of the last two days continued, USD/JPY will test the support at 109.79.

USD/JPY
Key levels to watch for:
Support: 109.79; 109.00;
Resistance: 112.84; 113.47.

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 111.10, adding 0.26%. I believe that support is now at around 110.13, the low of Friday’s trading, and the resistance is likely at 111.61, Monday’s high.

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 108.65, losing 0.40%. I believe that support is now at around 108.55, the low of Friday’s trading, and the resistance is likely at 111.58, Monday’s high.

The US dollar recorded a rise against the Japanese yen on Wednesday. The currency pair opened at 108.41 and ended 44 pips higher. Daytime extreme values ​​were reached at 108.37 and 109.17, respectively. In case the price continues to rise the pair will move to the first resistance at 109.50.

USD/JPY
Key levels to watch for:
Support: 107.70;
Resistance: 109.50; 111.00; 114.00;

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 109.10, losing 0.20%. I believe that support is now at around 108.11, Monday’s low, and resistance is likely at 109.49, Thursday’s high.

The dollar/yen had a strong upside momentum yesterday, reaching a peak of 111.18 and hit 111.42 earlier today during the Asian session. Trade signals are bullish. The price breaks above the resistance trend line, suggesting potential short-term retesting prospects of 112.20. The closest support is 110.85 (the daily EMA 200), whose breakthrough can take the price to a neutral zone and the direction will become obscure.

Dynamic trade recorded the dollar against the yen on Wednesday. Bulls again prevailed in the opening hours, continuing the positive momentum of Tuesday. So the start was set at a price of 111.07 and the resistance at 111.55 was broken after the pair reached a peak for the day at 111.77. Immediately afterwards, however, the trend changed sharply and the finish line was at a rate of 111.05.

USD/JPY
Key levels to watch for:
Support: 108.28; 107.73;
Resistance: 111.55; 112.20;

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.72, gaining 0.22%.
I believe that support is now at 111.18, Monday’s low, and resistance is likely at 113.05 - Thursday’s high.

The dollar rose against the yen on Friday: the pair USD / JPY rose by 0.22% to 112.71 close to the seven-week high of Thursday - 113.04 after a good NFP report. Still, the dollar remains under pressure and, in my opinion, a decline from recent levels is seen - 108.50, followed by 106 levels.

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 113.38, losing 0.43%. I believe that support is now at 112.36, Monday’s low, and resistance is likely to come in at 114.39, Thursday’s high.

USD/JPY
Key levels to watch for:
Support: 111.00; 109.50;
Resistance: 114.00; 115.40.

The US dollar fell against the basket of other major currencies on Friday after the publication of weak economic reports in the US on inflation and retail sales. Against the backdrop of these reports, the probability of an increase in the Fed’s interest rate has declined.
The dollar rate fell to a minimum in two weeks against the yen. The pair USD / JPY fell 0.43% to 113.37. On Thursday, the dollar reached a two-month high against the yen 114.36.

Political risk has taken a big toll on the USDJPY and the pair drops rapidly to the 111.21 level, which is a 50% retracement of the latest rally on the daily chart.