Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USD/JPY Mid-114.00s Break is Important

USD/JPY Mid-114.00s Break is Important

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“USD/JPY has been a bucking bronco intraday since turning over on the first trading of the year. Recall that the high is at a trendline so respect potential for more downside. Despite the intraday noise, there are some levels to pay attention to. 116.00 and just above has been important since August 2015. Strength through 116.00 relieves downside pressure. Similarly, 114.50/80s has been importance since last February. Weakness below there could see this really unwind.” We’re just under 114.50/80 as I type. The level was resistance last February/March and resistance then support in December. Look lower as long as price is below but beware the 55 day average for support (was resistance throughout 2016).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.