USD/JPY hits a daily low of 156.81, currently trading at 157.43. Major trading above 50, 100, and 200-day moving averages, confirming upward bias. Key resistance levels: 158.25 and 158.44 , with YTD high at 160.32 in sight. At the time of writing, the pair trades at 157.43. USD/JPY Price Analysis: Technical outlook The uptrend in the USD/JPY remains, though Monday’s price action suggests that buyers remain cautious amid fears of Japanese authority's intervention.
If those levels are cleared, up next would be the year-to-date high of 160.32. Conversely, if USD/JPY drops below 157.00, sellers can challenge key support levels. The first one would be the Senkou Span A at 156.16, followed by the Kijun-Sen at 155.93. The next demand area would be the Senkou Span B at 155.52. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 157.7 Today Daily Change 0.31 Today Daily Change % 0.20 Today daily open 157.39 Trends Daily SMA20 156.
Source: Loan Digest (loandigest.net)
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