USDJPY
Global economic events continue to shape market sentiment as trade policies, geopolitical developments, and monetary decisions influence currency movements. Recent statements regarding the Eurozone and BRICS, alongside a key policy stance from the Federal Reserve—praised by former U.S. President Donald Trump—have fueled market reactions.
Amid inflation-driven expectations, the U.S. dollar is gaining momentum, triggering an upward push in USDJPY. From a technical perspective, traders are closely watching the 155.95 resistance level, while the previously breached channel support may be retested before any further bullish moves.
Key resistance levels stand at **155.95** and **156.6**, while support is identified at **155.0** and **153.6**. The price is attempting to solidify its position within a bullish zone, yet resistance at **155.95** remains a critical barrier. A decisive break and sustained movement above this level could pave the way for further upside, potentially testing trend resistance in the near term.
Amid inflation-driven expectations, the U.S. dollar is gaining momentum, triggering an upward push in USDJPY. From a technical perspective, traders are closely watching the 155.95 resistance level, while the previously breached channel support may be retested before any further bullish moves.
Key resistance levels stand at **155.95** and **156.6**, while support is identified at **155.0** and **153.6**. The price is attempting to solidify its position within a bullish zone, yet resistance at **155.95** remains a critical barrier. A decisive break and sustained movement above this level could pave the way for further upside, potentially testing trend resistance in the near term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.