USD/JPY

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 110.91, losing 0.02%. I believe that support is now at around 108.81, the minimum of Wednesday, and the resistance is likely at 111.42, the high of Friday's trading.

The pair is trading in a tight range around 110.85 level, resistance level can be located at 111.00 and on the downside support level at 110.64.

I think it may start rallying again this week, especially considering the bars on the weekly time frame - a doji and a hammer one, both above 108.50.

The yen is bullish

The dollar-yen currency pair recorded a volatile session, with a modest 9-point victory for the Japanese currency. The day was opened at 111.52, and the last day's quote remained at 111.43. Breakthroughs at key levels were not reached, and the daily extreme values ​​were respectively 111.30 and 111.78.

USD/JPY
Key levels to watch for:
Support: 111.20; 109.63; 108.30;
Resistance: 112.75; 114.50.

USD/JPY on Wednesday failed to build on its recovery move despite of an unexpected rise in existing home sales data from the US as investors now seemed concerned that continuous slide in oil prices would be bad for inflation or might even lead to disinflationary pressure.

TREND INDEX: Bearish
AVG SELL PRICE: 112.23
AVG BUY PRICE: 110.86

Another volatile session recorded the dollar-yen currency pair, with the 7 pips advantage for the Japanese currency. The day was opened at 111.44, and the last quote for the day stood at 111.37. Shortly during the day the course was under the support at 111.20, but the bears did not keep it there. Extreme values ​​for the day were 111.06 and 111.72 respectively.

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 111.29, losing 0.04%. I believe that support is now at around 110.73, Monday's low, and resistance is likely at 111.81, Tuesday's high.

USD/JPY went up last week, interesting to see if the momentum could keep up.

The pair remains lack of directional strength around 111.25, upside strong resistance can be found at 111.75 and on the downside round number 111.00 could act as psychological level.

I think USD/JPY will soon reach the last local high 111.78. The next closest target of the rally is around 112.15 - 112.20, in my opinion.

The US dollar marked an increase against the Japanese yen on Monday. The session started at 111.23 and ended at 111.85. Daytime extreme values ​​were reached at 111.12 and 111.94, respectively. If the direction of movement continues to move upward, we can expect an attempt to test the resistance at 114.00.

USD/JPY
Key levels to watch for:
Support: 111.00; 109.50; 108.40;
Resistance: 114.00; 115.40.

There is a pullback from 112.45 and I think USD/JPY could retrace to 111.70 - 111.60 in the near future.

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USD/JPY is not really participating in the volatile environment today. Pair keeps trading around 112.10.

USD/JPY continues rallying. I think it will reach 113.00 as a first target in the foreseeable future.

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