The USD/JPY erased Tuesday’s losses and climbed past the 156.50 area after the announcement of the latest US Federal Reserve meeting minutes.
USD/JPY erases Tuesday's losses, trading at 156.67, up 0.31% after Fed minutes indicate possible rate hikes. Technical outlook shows resistance at May 14 high of 156.76 and next supply area at 157.00. Further resistance levels: April 26 high at 158.44 and YTD high at 160.32. Key support levels: Tenkan-Sen at 156.05, Senkou Span A at 155.61, and Kijun-Sen at 155.18. The minutes showed that officials could raise rates if inflation warrants it. The pair trades at 156.67, up 0.31%.
44, before challenging the year-to-date high of 160.32. Conversely, if the pair drops below the Tenkan-Sen at 156.05, that will expose the Senkou Span A at 155.61, followed by the Kijun-Sen at 155.18. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 156.7 Today Daily Change 0.53 Today Daily Change % 0.34 Today daily open 156.17 Trends Daily SMA20 155.56 Daily SMA50 153.43 Daily SMA100 150.8 Daily SMA200 149.14 Levels Previous Daily High 156.55 Previous Daily Low 155.
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