The USD/JPY remains virtually unchanged after dropping to a two-day low of 147.55 amid hopes of a ceasefire between Hezbollah and Israel, as stated by Hezbollah’s prominent leader, according to CNN.
USD/JPY trades at 148.17 after hitting a low of 147.55, supported by buyers returning above the 148.00 level. Technical outlook suggests upside potential with resistance at 149.14, followed by 149.39 and 150.00. A drop below the Ichimoku Cloud at 146.60-80 could signal further downside for the pair. At the time of writing, the pair trades at 148.17, flat. USD/JPY Price Forecast: Technical outlook Although the USD/JPY paused its uptrend, the pair resumed its advance.
On the flip side, if USD/JPY drops below the Ichimoku Cloud at 146.60-80, this could pave the way for further downside. 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 Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD -0.05% -0.16% 0.00% 0.20% 0.15% -0.19% 0.34% EUR 0.05% -0.11% 0.07% 0.25% 0.20% -0.16% 0.38% GBP 0.16% 0.11% 0.16% 0.35% 0.
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