top of page
Search

USD/JPY is poised...

USD/JPY is a key chart to pay attention to before the end of the week


Dollar strength this week has been a key theme and while the yen largely held its own in the early stages, it wasn't to be yesterday as USD/JPY buyers overwhelmed sellers to push for a daily close and break above the 111.00 level.







That previously held the upside push back in late March and also in the latter stages of June but buyers are now testing the waters in a quiet start to European trading.


The pair is keeping above 111.00 around 111.15 with a trendline resistance seen closer to 111.25 perhaps providing some room for trepidation for now.


Looking beyond that, the March 2020 highs at 111.50-71 is a key target before getting to the more important resistance level at 112.00.


Those will be key upside levels to watch if buyers can build on the latest break.


That said, one thing to note is that the push yesterday came largely on the back of dollar gains more than anything else. 10-year Treasury yields remain tepid around 1.47% and that may be offer some consideration that any upside may be limited unless the bond market also votes in favour of a push higher for yen pairs in general.

 
 
 

Comments


  • Facebook
  • Twitter
  • YouTube
  • Instagram
GOLD TRADING
Forex trading

Marian (London)

The Weekly Market Analysis is great, this helps me to see where the hyper trends are on all markets, thanks to Chris and his team

Gold Trading

Sam (USA)

I joined as a Member and receive the Full Market Analysis everyday, so I can view the video analysis on demand great value. I am now confident when I place my positions to make regular profits.

Bitcoin trading

Paul (South Africa)

After completing the Advanced Pro Charts Course, I finally realised I love sniper trading, along with trading Gold, the Gold Trading Software is fantastic. Thanks Chris for all your continued support.

Best charts for forex
© 2025 All Right Reserved.
The Trading Mentors

Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. All information is for educational purposes.

bottom of page