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. 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.
The USD/JPY remains neutral to upward bias following two suspected Bank of Japan (BoJ) interventions. That dragged the pair from around 160.00 toward 151.86 in a matter of five days before bouncing off a 50-day moving average (DMA) during a trading session that formed a ‘hammer.’
That said, the pair has breached the May 3 high of 153.80, which exacerbated a rally past the 154.50 area, opening the door for further gains.
If buyers regain the 155.00 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.
Overview | |
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Today last price | 154.64 |
Today Daily Change | 0.73 |
Today Daily Change % | 0.47 |
Today daily open | 153.91 |
Trends | |
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Daily SMA20 | 154.63 |
Daily SMA50 | 151.99 |
Daily SMA100 | 149.32 |
Daily SMA200 | 148.48 |
Levels | |
---|---|
Previous Daily High | 154.01 |
Previous Daily Low | 152.8 |
Previous Weekly High | 160.32 |
Previous Weekly Low | 151.86 |
Previous Monthly High | 160.32 |
Previous Monthly Low | 150.81 |
Daily Fibonacci 38.2% | 153.55 |
Daily Fibonacci 61.8% | 153.26 |
Daily Pivot Point S1 | 153.14 |
Daily Pivot Point S2 | 152.37 |
Daily Pivot Point S3 | 151.93 |
Daily Pivot Point R1 | 154.35 |
Daily Pivot Point R2 | 154.78 |
Daily Pivot Point R3 | 155.55 |
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