USD/JPY analysis

[Jenny FX]

The dollar recorded a dynamic session against the yen on Friday. Ultimately, the pair remained at the end of last week, but short-term expectations are in favor of the dollar. The start on Monday was at a rate of 113.45 and the closing price was 16 pips higher. The trend was volatile, with the difference between the highest and lowest values ​​for the day being 47 pips. Meanwhile, the first resistance at 113.68 was slammed for a short time while the first trading hours.

 

[Jenny FX]

Key levels to watch for:
Support: 112.93; 112.28;
Resistance: 113.68; 114.49;

 

[dianajs]

USD/JPY rebounded from 112.47 but I don't think the correction to the downside has ended. A further drop to 111.70 is still possible.

 

[LionelID]

The dollar recorded a slight increase against the yen on Thursday. The pair traded in a relatively wide range, but the closing price was close to 112.86 and 113.04 respectively. In the early hours, bullish moods dominated and so was the peak of the day at 113.32. Subsequently, the Japanese currency recovered the losses.

 

[csc2009]

The pair maintain a strong bearish trend, immediate support around 111.90/112.00 and follow by 111.60/70, 111.50 is critical level on the downside, break below would lead to further decline.

 

[Jenny FX]

The US dollar recorded a significant decline against the Japanese yen on Friday. The session started at 113.04 and ended at 112.08. Daytime extreme values ​​were reached at 113.13 and 111.94, respectively. Negative attitudes now prevail, and 110.90 is a major challenge for bears.

 

[Jenny FX]

Key levels to watch for:
Support: 110.90;
Resistance: 112.90; 114.30; 115.40;

 

[dianajs]

USD/JPY reached a low at 111.88 yesterday and today it is still struggling to break out below that level. I think it will eventually succeed and drop to 111.50 - 111.30.

 

[LionelID]

The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.

 

[dianajs]

111.90 is proving to be a very strong support level, USD/JPY is testing it for the third time in five days. The target to the downside is clear - 111.50 or even 111.00 but whether it will break out below the support is not.

 

[dianajs]

USD/JPY reached 111.00 as I thought it would. In my opinion it may keep depreciating, with or without intermittent correction, to 109.00 or even to 108.00.

 

[arigoldman]

USD/JPY went lower than i expected. But it still looks like a cup pattern.

 

[csc2009]

The pair is ranging between 111.60 to 111.05 while risk remains on the downside. I'm expecting further decline if Usd/Jpy breaks out the range towards 111.00 level.

 

[dianajs]

USD/JPY had briefly rebounded from 111.06 but it appears that the pair is about to test that level once again. I think it will soon break out below it and keep depreciating.

 

[Jenny FX]

The dollar lost positions against the yen on Monday. The US currency broke the positive momentum from the end of last week. However, short-term expectations remain for its benefit. The session started at a price of 111.47, the trend was bearish all the time. The pair hit the bottom at 110.83, breaking the first support at 110.94. The finish line was cut at 110.08.

 

[Jenny FX]

Support: 110.94; 110.76;
Resistance: 111.87; 112.08;

 

[LionelID]

The dollar advanced against the yen on Tuesday. The US currency justified the positive expectations and so the pair approached the resistance at 111.87. If the bullish sentiment continues in the future, it will be pierced. The session started at 111.08 and the trend was volatile. Peak for the day was reached at 111.63, and the final line was truncated 17 pips down.

 

[arigoldman]

The pair made a move to the upside today, despite depreciation of the US dollar.

 

[sammy17]

Very strong bullish correction on the Daily timeframe

 

[LionelID]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.19, losing 0.30%. I believe that support is now at 110.83, Monday's low, and resistance is likely at 112.88, the maximum of Friday's trading.