The dollar lost positions against the yen on Monday. The US currency broke the positive momentum from the end of last week. However, short-term expectations remain for its benefit. The session started at a price of 111.47, the trend was bearish all the time. The pair hit the bottom at 110.83, breaking the first support at 110.94. The finish line was cut at 110.08.
Support: 110.94; 110.76;
Resistance: 111.87; 112.08;
The dollar advanced against the yen on Tuesday. The US currency justified the positive expectations and so the pair approached the resistance at 111.87. If the bullish sentiment continues in the future, it will be pierced. The session started at 111.08 and the trend was volatile. Peak for the day was reached at 111.63, and the final line was truncated 17 pips down.
The USD was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.19, losing 0.30%. I believe that support is now at 110.83, Monday’s low, and resistance is likely at 112.88, the maximum of Friday’s trading.
Usd/Jpy is consolidating the gain, and downside seems limited to 113.10.
Today the pair is showing strong upward potential, but a hurdle is seen at 113.70.
Short term we could see the pair indicator point higher after Usd/Jpy bounce off the support zone around 112.00.
USD/JPY is struggling around 112.50 and downside is favored. With US macro data and BoJ this week the pair will get fresh directional impetus.
USD/JPY is showing limited, but persistant upward potential. The pair is aiming the resistance at 113.35 now and in case of breaking it, doos are opened for testing 113.75.
I’m bullish on the pair.
Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;
Good levels. Will keep eye.
The dollar marked a second consecutive neutral session against the yen on Tuesday. The US currency remained at the higher levels since Wednesday without registering any major price changes. If the bullish expectations are justified, the pair will test the resistance at 113.90 soon. The session started at a price of 113.17 and the final line was cut 5 pips higher. The bottom of the day was scored at 113.11.
USD/JPY is flat and the short term outlook remains neutral to bearish. Indicators on the H4 chart has lost directional strength, although the price is moving above its 100-day and 200-day SMAs, but both meanwhile are limiting the risk of a bearish development.
The pair is consolidating in the negative territory, further downside extension can be expected if usd/jpy breaks below 112.45.
USD/JPY jupmed to 112.50 after the upbeat US macro data, but retreated to currently trade at 112.30. All eyes on FOMC minutes, that might boost the pair.
The US dollar recorded a volatile session against the Japanese yen on Thursday. The currency pair opened at 112.50 and the dollar added only 23 pips. Daytime extreme values ??were reached at 112.46 and 112.85, respectively. In the short term, a break in the 100-year moving average will contribute to a positive mood, with 112.90 being an immediate goal.
Key levels to watch for:
Support: 110.90;
Resistance: 112.90; 114.30; 115.40;
If this break on the trend line holds, I believe this will continue down. I’m just waiting for the swing back and retest on the trend line to have confirmation. My target area would be the 112.73 area right at the 161.8 and also has a lot of support and resistance there. But this is my opinion only.
Interesting movement on the pair.