The USD/JPY recovered some ground during the North American session yet is virtually unchanged, up by a minimal 0.08%, weighed by a fall in US Treasury bond yields.
USD/JPY edges up slightly despite falling US Treasury yields. Technical outlook: Buyers in control, targeting 157.00 and potentially April's high of 158.44. Downside risks are seen below 156.00, followed by 155.72 and further targets at 154.00 and 153.35/40. US economic data from the United States shows that inflation is getting lower, yet the Federal Reserve remains skeptical that the battle against higher prices isn’t finished. The pair trades at 156.87 at the time of writing.
00, like the year-to-date high of 160.32. Conversely, if USD/JPY slides beneath the Tenkan-Sen at 156.0, the next stop would be June 12 low of 155.72. A breach of the latter and the pair could tumble toward the 154.00 figure, before testing the Ichimoku Cloud low of 153.35/40. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 156.9 Today Daily Change 0.17 Today Daily Change % 0.11 Today daily open 156.73 Trends Daily SMA20 156.52 Daily SMA50 155.33 Daily SMA100 152.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY Price Analysis: Struggles at 157.00, drops and remains subduedThe USD/JPY retreats during the North American session yet is virtually unchanged as traders brace for Wednesday’s busy economic docket, which will feature May's US Consumer Price Index (CPI) data and the Federal Open Market Committee (FOMC) monetary policy decision.
Read more »
USD/JPY Price Analysis: Bears in charge as pair plummets below 155.00The USD/JPY plummeted some 0.80% late in the North American session, as economic data from the United States fueled speculations that the US Federal Reserve could lower rates in September.
Read more »
USD/JPY Price Analysis: Slips below 157.00 as bearish engulfing pattern loomsThe USD/JPY dropped from weekly highs of 157.71 on May 29 after data from the United States (US) painted an ongoing economic slowdown, which sent US Treasury yields plunging.
Read more »
USD/JPY Price Analysis: Sideways below 156.50 as US yields fallThe USD/JPY pair faces stir resistance at around 156.50 retreats as the US 10-year Treasury note yield drops three and a half basis points, a headwind for the Greenback.
Read more »
USD/JPY Price Analysis: Bulls clear 157.00, eyeing 158.00The USD/JPY jumped above the 157.00 figure on Monday, following last week’s stronger-than-expected employment data.
Read more »
USD/JPY Price Analysis: Consolidated inside Kumo, bears eye 155.00The USD/JPY registered modest losses of 0.30% on Thursday, as the Greenback remains on the backfoot ahead of crucial US jobs data on Friday.
Read more »