The USD/JPY consolidates below the psychological 161.00 figure as US Treasury bond yields edge lower and the Greenback weakens.
USD/JPY consolidates with technical indicators suggesting a range-bound movement between 160.00 and 162.00. Potential Japanese intervention in FX markets looms, deterring aggressive buyers. A break above 161.00 could target YTD high of 161.95, while support lies at 160.22, with further downside risks to 158.25. The traders focus on Fed Chair Jerome Powell's semi-annual testimony at the US Congress and the release of US inflation figures. The major trades at 160.79, virtually unchanged.
22, the next support would be the Senkou Span A at 159.68. A breach of the latter and the pair will test the Kijun-Sen at 158.25, ahead of the Senkou Span B at 156.91. USD/JPY Price Action – Daily Chart Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.00% -0.01% -0.03% -0.01% -0.04% -0.04% -0.02% EUR 0.00% -0.04% -0.02% -0.02% -0.
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: Looms near multi-year highs as bulls target 161.00The USD/JPY registers minimal loss after hitting a daily low of 160.28, yet the major remains approaching the 161.00 figure for the second consecutive day as the Japanese authority's verbal jawboning has failed to contain the Yen’s depreciation.
Read more »
USD/JPY Price Analysis: Breaks 161.00 amid rising US yieldsThe USD/JPY has broken the 161.00 barrier as US Treasury bond yields climbed sharply on Monday after US economic data showed that manufacturing activity, as measured by the ISM PMI, contracted for the third straight month in June.
Read more »
USD/JPY Price Analysis: Advances steadily yet consolidates below 158.00The USD/JPY edges higher for the fourth straight day and registers modest gains of 0.08% after hitting a daily high above 158.00.
Read more »
USD/JPY Price Analysis: Remains consolidated below 157.00The 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.
Read more »
USD/JPY Price Analysis: Consolidates below 161.50 due to thin tradingThe USD/JPY registers minimal losses in thin volume conditions during the North American session due to US financial markets being closed in observance of the US Independence Day holiday.
Read more »
USD/JPY Price Analysis: Hits 38-year high at around 160.80sThe USD/JPY rallied sharply during Wednesday’s session after the pair hit a 38-year high past the 160.00 psychological figure, seen as the line of the sand for Japanese authorities and the Japanese Yen to intervene in the FX space.
Read more »