MNI BRIEF: Canada Interest Cost 11% Of Revenue, Most Since '12

MNI: Fed’s Schmid Says Rates Nearing Neutral, Can Be Patient

MNI BRIEF: Gilt Moves Orderly, 'So Far, So Good'- BOE Breedon

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI: GERMANY NRW DEC CPI +0.5% M/M, +2.5% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDJPY TECHS: Trading At Its Recent Highs

USDJPY TECHS
USForeign Exchange Technical AnalysisAPACJapanBulletMarketsForeign Exchange BulletsNorth America
  • RES 4: 160.00 Round number resistance   
  • RES 3: 159.45 High Jul 12
  • RES 2: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing  
  • RES 1: 158.08 High Dec 26 
  • PRICE: 157.87 @ 06:57 GMT Dec 30
  • SUP 1: 155.89/155.01 High Nov 20 / 20-day EMA
  • SUP 2: 153.11/150.90 50-day EMA / Low Dec 10  
  • SUP 3: 149.37 Low Dec 06 
  • SUP 4: 148.65 Low Dec 03 and the bear trigger

Bullish conditions in USDJPY remain intact and the pair is trading at its recent highs. The breach of 156.75, the Nov 15 high and a bull trigger, confirmed a resumption of the uptrend and has paved the way for a move towards 159.45, the Jul 12 high. Moving average studies are in a bull-mode position highlighting a clear dominant uptrend. Initial firm support is 155.01, the 20-day EMA. A pullback would be considered corrective. 

146 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 160.00 Round number resistance   
  • RES 3: 159.45 High Jul 12
  • RES 2: 159.26 0.618 proj of the Sep 16 - Nov 15 - Dec 3 price swing  
  • RES 1: 158.08 High Dec 26 
  • PRICE: 157.87 @ 06:57 GMT Dec 30
  • SUP 1: 155.89/155.01 High Nov 20 / 20-day EMA
  • SUP 2: 153.11/150.90 50-day EMA / Low Dec 10  
  • SUP 3: 149.37 Low Dec 06 
  • SUP 4: 148.65 Low Dec 03 and the bear trigger

Bullish conditions in USDJPY remain intact and the pair is trading at its recent highs. The breach of 156.75, the Nov 15 high and a bull trigger, confirmed a resumption of the uptrend and has paved the way for a move towards 159.45, the Jul 12 high. Moving average studies are in a bull-mode position highlighting a clear dominant uptrend. Initial firm support is 155.01, the 20-day EMA. A pullback would be considered corrective.