USD/JPY nudges higher to start the session as buyers wrestle back near-term control
USD/JPY advances as the risk tone keeps more positive
The pair now climbs to a session high of 106.20, moving close to a minor near-term resistance from the 20 August high @ 106.22.
Of note, buyers have now managed to move back above the 200-hour MA (blue line) @ 106.04 and that is sets the near-term bias to being more bullish for now.
Yen pairs are seeing a bit of a nudge higher across the board to start the session as the currency keeps weaker with Treasury yields pushing higher. This comes amid the more positive risk tone in the market to start the day.
10-year yields are up by nearly 2 bps to 0.674% and that is keeping the yen pressured.
Back to USD/JPY, the 106.22 level will be the first key resistance point to watch and beyond that buyers can look towards the 106.50-60 region before potentially looking at another retest of the 107.00 handle once again.
As for sellers, the first key step is to nudge price back under 106.00 and below the 200-hour MA to regain some near-term control.
The 100-hour MA (red line) was a key level that limited the downside move yesterday so that will be one to watch should price action shift back lower in the sessions ahead.
Source: Technical analysis
Comments (27)
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] There you can find 44855 additional Information on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Here you will find 42495 more Information to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More on on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] There you will find 47363 additional Info to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
It’s really a great and helpful piece of info. I’m happy that you shared this
useful information with us. Please keep us up to date like
this. Thanks for sharing.
hello there and thank you for your information – I’ve certainly picked up something
new from right here. I did however expertise a few technical points using this site, since I experienced to reload the
site a lot of times previous to I could get it to load properly.
I had been wondering if your web hosting is OK? Not that I am complaining,
but sluggish loading instances times will often affect your
placement in google and could damage your high quality score
if advertising and marketing with Adwords. Well I am adding this RSS to my email and could look out for a lot
more of your respective fascinating content.
Ensure that you update this again soon.
A motivating discussion is worth comment. I believe that you need
to publish more about this issue, it may not be a taboo subject but generally people do not discuss
these topics. To the next! Many thanks!!
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.com/vi/register?ref=53551167
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/usd-jpy-nudges-higher-to-start-the-session-as-buyers-wrestle-back-near-term-control/ […]