USD/JPY Price Analysis: Stays Firm Near YTD High Amid U.S. Data, Intervention Fears

Yen, Money, Wealth, Japanese Yen

Yen. Image Source: Pixabay

The USD/JPY remains subdued during the North American session, trading at around 150.71, up by 013% on Wednesday. Economic data releases from the United States (US) maintain the pair within familiar levels despite threats by Japanese authorities to step into the Forex markets.

USD/JPY Price Analysis: Technical outlook

As the USD/JPY daily chart depicts, the upward bias remains intact. The Relative Strength Index (RSI) is bullish but flat, an indication of consolidation, at around the current year-to-date (YTD) high of 150.88. If buyers would like to extend the uptrend, they must reclaim the 151.00 figure, so they could challenge last year’s high of 151.91.

Conversely, if sellers’ step into the market and drive the exchange rate below the Tenkan-Sen at 150.26, that would expose the 150.00 figure. Further downside is seen below the Senkou Span A at 149.32, followed by 149.00, and the Kijun-Sen at 148.39.

USD/JPY Price Action – Daily Chart

(Click on image to enlarge)


Today last price 150.7
Today Daily Change 0.20
Today Daily Change % 0.13
Today daily open 150.5
Daily SMA20 149.42
Daily SMA50 146.78
Daily SMA100 147.66
Daily SMA200 145.8
Previous Daily High 150.72
Previous Daily Low 150.08
Previous Weekly High 150.77
Previous Weekly Low 149.68
Previous Monthly High 148.81
Previous Monthly Low 140.81
Daily Fibonacci 38.2% 150.33
Daily Fibonacci 61.8% 150.48
Daily Pivot Point S1 150.14
Daily Pivot Point S2 149.79
Daily Pivot Point S3 149.5
Daily Pivot Point R1 150.79
Daily Pivot Point R2 151.08
Daily Pivot Point R3 151.43

More By FX Street:

US Q4 GDP Growth Revised Lower To 3.2% From 3.3%
Silver Price Analysis: Silver Seems Vulnerable Near $22.30, Two-week Low
EUR/JPY Price Analysis: The Bullish Outlook Remains Intact Above The 163.00 Mark

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