The USD/JPY wavers around 157.00 as the Greenback remains steady in Tuesday’s session.
USD/JPY touches two-week high at 157.15, reflecting continued upward momentum. Technical analysis shows prices well above Ichimoku Cloud, indicating strong bullish signals. Potential interventions by Japanese authorities create caution among traders eyeing higher positions. The rise in the US 10-year Treasury bond yields underpins the major, which trades at 157.14 after hitting a two-week high of 157.15.
The first resistance level would be the April 26 high at 158.44, followed by the year-to-date high at 160.32. Conversely, if it stumbles below 157.00, look for a pullback below the confluence of the Tenkan-Sen at 156.05, which will sponsor a leg down. The next key support levels emerge at the Senkou Span A at 155.72, followed by the Kijun-Sen at 155.39, ahead of the 50-day moving average at 154.08. USD/JPY Price Analysis: Technical outlook USD/JPY Overview Today last price 157.
United States Latest News, United States 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: Climbs above 156.00 as bulls target 157.00The USD/JPY climbed during the North American session after inflation data in the United States (US) showed that prices on the producer side edged higher than expected.
Read more »
USD/JPY Price Analysis: Hits three-day high as bulls eye 157.00The US Dollar gains ground against the Japanese Yen (JPY) and climbs 0.38% in an upbeat market mood.
Read more »
USD/JPY Price Analysis: Faces strong resistance as bulls target 157.00The USD/JPY erased Tuesday’s losses and climbed past the 156.50 area after the announcement of the latest US Federal Reserve meeting minutes.
Read more »
USD/JPY Price Analysis: Creeps higher as buyers target 157.00The USD/JPY registered gains for the second consecutive trading day but were marginal.
Read more »
Gold, EUR/USD, USD/JPY – Price Action Analysis and Technical OutlookThis article provides an analysis of the technical outlook for gold, EUR/USD and USD/JPY, examining recent market trends and price action dynamics to identify potential trading opportunities for the near term.
Read more »
Gold Price, USD/JPY, EUR/USD – Technical Analysis and Trade SetupsIn this piece, we explore the technical outlook for gold prices, USD/JPY and EUR/USD, analyzing recent market behavior and trends to identify potential trading opportunities.
Read more »