Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
USD/JPY is approaching key resistance

USD/JPY is approaching key resistance

Information is not investment advice

If the pair crosses this level, it will surge further, otherwise – reverse. Check it out.

Fundamental factors

  • The Japanese data came worse than analysts expected. Unemployment rate turned out 2.9%, while the forecast was 2.8%. Also, the industrial production contracted by 8.4%, while only the 5.6% slump was anticipated. Negative data weighed on the JPY.
  • The US home sales bet all estimates. They rose by 44.3% against the forecasted 18.9% increase. That marked the largest surge in the history of home sales since the record began in 2001. The encouraging data pushed USD/JPY upward.

Upcoming event

  • The Fed’s chairman Jerome Powell will testify this evening at 19:30 MT time. His statement will add the fresh market volatility. If Powell gives optimistic prospects for the US economy and increases asset purchases, USD/JPY may rise, otherwise – fall.

Technical factors

USD/JPY is moving up for the fifth day. It will meet soon the strong resistance at 107.850, which it has touched several times already. There are two scenarios. The first and the most possible one is that the pair will break through the resistance at 107.850 and surge further to 108.400, where is the 200-day moving average lies. According to the second scenario, USD/JPY will reverse from the resistance at 107.850 and fall firstly to the support at 107.400 and then to the 50% Fibonacci level at 106.80. Follow the next movement of the pair, define the break out or the pullback and trade accordingly.

USDJPYDaily.png

LOG IN

Similar

USD/TRY: a lot of problems... for TRY

One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.

Popular

USD/TRY: a lot of problems... for TRY

One US dollar buys almost eights Turkish liras now. May it be sixteen in another couple of years? Check the article to see why that is a possibility.

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later