Japanese yen

Yen weakness has continued to show, and USD/JPY has jumped up to a key Fibonacci level on the way to fresh three-week highs.

One day after the Federal Reserve’s decision, USD/JPY remains neutral, with a daily variation of less than 0.5% in the last few trading hours.

USD/JPY has been in a grinding bear trend for much of the year, but that doesn’t mean that it’s been a simple matter for traders.

USD/JPY has been in a consistent sell-off for most of the year, but sellers still haven’t been able to run a breakdown resembling last summer’s carry unwind event.

The U.S. Dollar is putting in a sizable bounce today, but USD/JPY has been more reserved, rallying up for a re-test of the 150.00 psychological level.

The Japanese Yen has shown significant drive around U.S. CPI reports over the past few years, setting the stage for tomorrow’s release.

USD/JPY turned from trend resistance last month with a four-week selloff breaking the September uptrend. Battle lines drawn on the USD/JPY weekly technical chart.

USD/JPY plunged nearly 4.3% off the yearly high with break of the September uptrend threatening deeper losses. Battle lines drawn on the short-term technical charts.

USD/JPY had a bullish response to the December FOMC rate decision and the pair is fast approaching a big spot of longer-term resistance at the 160.00 handle.

Two trades that may be poised to benefit from the Trump economy next year: The U.S. Dollar and Bitcoin. The levels that matter on the technical charts heading into 2025.

USD/JPY surged post-FOMC with the bulls charging towards a major pivot-zone at uptrend resistance. Battle lines drawn on the USD/JPY weekly technical chart.

USD/JPY has risen by approximately 8% since late October, primarily favoring the US dollar and pushing the yen into a constant bearish zone.

Japanese Yen strength has taken a step back in December, and USD/JPY is testing a big spot of support as EUR/JPY tests a key spot of resistance.

Commodity FX pairs have failed to make much ground from the weaker yen, and with the RBA opening the door to cuts than I suspect the currency bounce on AUD/JPY could provide futile. And that there could be another large drop on the horizon..

US Dollar rebounded off technical support last week with USD/JPY now testing the November downtrend. Battle lines drawn on the USD/JPY short-term technical charts.

USD/JPY broke below a major support pivot this week with the bears now threatening a larger correction. Battle lines drawn on the weekly/daily technical charts.

USD/JPY set a lower-high last week even as DXY spiked up to a fresh two-year-high. And there’s now a short-term descending triangle formation setting up in the pair.