The weakeness provided by the US Dollar pushed the USD/JPY lower today. The pair crossed to below the 110.00 level but the 50% Fibo at 109.65 offers good support.
The USDJPY is oscillating around the 200 day EMA at the 109.41 level without taking a clear direction. The pair may head in any direction with the 111.39 ast its most relevant resistance and the 108.11 level as its most important support.
Dollar regains its bullish momentum ahead of Trump-Kim summit on Tuesday, there is room to extend to 110.20, break above next target would be around 111.20 level.
The USD/JPY broke the key resistance at 110.00 ahead of the key event of the week. Next challenge comes with February’s high at 110.48, which according to the indicators on the four hour time frame is achievable.
The USD/JPY is trading around 110.40, not much changed for the day and below the daily high. According to the indicators ont he four hour time frame the upside remains favored despite the lack of stong bullish momentum. The pair is situated above the 61.8% Fibo and the 100-day and 200-day SMAs.
USD/JPY is trading little changed on the upside today.The pair is slightly above 110.00 level but the 200-day SMA at 110.22 if proving strong resistance.
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