The USD/JPY bounced off a two-week low and climbed toward the 153.90ish area, shy of decisively cracking the 154.00 mark.
USD/JPY climbs over 0.60% from two-week low, as positive sentiment reduces yen's safe-haven appeal. Hammer candlestick at 152.97 on Friday signals potential upward momentum. Resistance seen at 154.00, with further targets at 155.52 and 155.78 . It is trading with gains of more than 0.60%. The market sentiment is upbeat, a headwind for safe-haven currencies like the Japanese Yen . USD/JPY Price Analysis: Technical outlook The USD/JPY remains upward biased.
Once cleared, up next would be the Tenkan-Sen at 155.52, followed by the Senkou Span A at 155.78. Further gains are seen at 156.05. For a bearish resumption, sellers must clear the 50-DMA at 151.99, which could pave the way to testing the following lowest low at 150.81. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 153.93 Today Daily Change 0.89 Today Daily Change % 0.58 Today daily open 153.04 Trends Daily SMA20 154.52 Daily SMA50 151.93 Daily SMA100 149.
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