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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.16% 🇪🇺EUR: 0.03% 🇯🇵JPY: -0.08% 🇬🇧GBP: -0.09% 🇨🇭CHF: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HYDACmPAv
  • Weekly Strategy Webinar starting in 15mins on DailyFX! https://t.co/NMxMepfek7
  • 🇮🇳 Inflation Rate YoY (MAY) Actual: 6.3% Expected: 5.3% Previous: 4.23% https://www.dailyfx.com/economic-calendar#2021-06-14
  • 🇮🇳 Inflation Rate YoY (MAY) Actual: 6.3% Expected: 5.3% Previous: 4.29% https://www.dailyfx.com/economic-calendar#2021-06-14
  • Heads Up:🇮🇳 Inflation Rate YoY (MAY) due at 12:00 GMT (15min) Expected: 5.3% Previous: 4.29% https://www.dailyfx.com/economic-calendar#2021-06-14
  • Please join @MBForex at 8:30 EST/12:30 GMT for your weekly scalping webinar. Register here: https://t.co/fnmiAygMWK https://t.co/Sx8njhk10O
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/CHF are long at 75.60%, while traders in France 40 are at opposite extremes with 79.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Xa1slpNvfU
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.45% Silver: -0.76% Gold: -1.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9lqrsKrGNY
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.26% 🇦🇺AUD: 0.14% 🇪🇺EUR: 0.06% 🇯🇵JPY: -0.02% 🇨🇭CHF: -0.12% 🇬🇧GBP: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LwCC7chCWS
USD/JPY Technical Analysis: Five-Day Win Streak Ended

USD/JPY Technical Analysis: Five-Day Win Streak Ended

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • USD/JPY Technical Strategy: Flat
  • Support: 106.99. 106.44, 105.77
  • Resistance: 107.54, 108.22, 109.31

The US Dollar paused to digest gains after five consecutive daily advances against the Japanese Yen following the establishment of a six-year high. A daily close above the 61.8% Fibonacci expansion at 107.54 exposes the 76.4% level at 108.22. Alternatively, a reversal below the 50% Fib at 106.99 opens the door for a challenge of the 38.2% expansion at 106.44.

The available trading range is too narrow to justify entering a long or short trade at current levels from a risk/reward perspective. We will remain on the sidelines for now, waiting for a more actionable opportunity to present itself.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

USD/JPY Technical Analysis: Five-Day Win Streak Ended

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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

DISCLOSURES