The USD/JPY climbs late in the North American session, up by more than 0.40%, exchanging hands at 154.66 after bouncing off daily lows of 153.86.
USD/JPY up over 0.40%, recovering from 153.86 low amid US equity market surge. Technical strength as pair surpasses May 3 high of 153.80, indicating further upside potential. Continued momentum may test 155.00 resistance; falling below 154.00 could reverse gains. A risk-on impulse sent US equities rallying amid renewed speculations that the US Federal Reserve could cut rates twice in the year, with the first one expected in September.
00 figure, key resistance levels emerge, with the Kijun and Tenkan-Sen at 155.52 and 156.04, respectively. If those levels are cleared, the next resistance would be the May 1 high at 157.98. On the other hand, if USD/JPY slips below 154.00, that could trigger a reversal, and send the pair toward the Senkou Span B at 153.35, followed by the 50-DMA at 152.07. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 154.64 Today Daily Change 0.73 Today Daily Change % 0.
Currencies Majors Technical Analysis
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 toward 154.00 after bouncing off the 50-DMAThe USD/JPY bounced off a two-week low and climbed toward the 153.90ish area, shy of decisively cracking the 154.00 mark.
Read more »
USD/JPY Price Analysis: Drops to a two-week low, at around 153.00The Japanese Yen (JPY) extended its gains versus the US Dollar (USD) amid a suspected intervention by the Bank of Japan (BoJ) that happened late on Wednesday during the North American session.
Read more »
USD/JPY Price Analysis: Dominant uptrend continuesUSD/JPY is trading in the upper 154.00s. It has formed what looks like a Measured Move price pattern composed of three waves, commonly labeled A, B and C.
Read more »
USD/JPY Outlook: Hot US Inflation Propels USD/JPY to Worrying LevelsJapanese finance officials issued a further warning centered around the volatility of recent yen weakness, explicitly mentioning USD/JPY levels currently in play
Read more »
Silver Price Analysis: Silver price forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart with negative implications for the precious metal’s price going forward.
Read more »
Silver Price Analysis: Silver price could be forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart which bodes ill for the precious metal’s price going forward.
Read more »