USD/JPY Tests Technical Resistance; Official Interventions Might Be Lurking 

USD/JPY

USD/JPY continues ascending trend channel after failing to break above 145.

144.95 may continue to offer resistance as it is the 161.8% Fibonacci Extension of the late July pullback from 139.39 to 130.39.

The currency pair was tested a few times recently, with peaks at 144.97 and 144.99; the latter is a 24-year high. This area, 144.99, could be pivotal for the next big move in USD/JPY.

The Bank of Japan made calls to banks in Tokyo asking for a rate check in a bid to reach 145. The market has interpreted this move to mean that the central bank could be looking to intervene should the price get above 145.

If they fail to intervene if the price exceeds the area, an aggressive move might be seen. The ascending trend line that currently dissects at 145.90 could be the next potential resistance level to monitor.

The low since the peak at 141.50 may provide support and has provided the base of the 2-week range of 141.50 – 145. A break of this consolidating range might provide a directional indicator.

Should the yen continue to weaken, how high will USD/JPY and EUR/JPY go?

This Post Has 41 Comments

  1. Fit spresso

    Outstanding post, I conceive people should learn a lot from this weblog its very user pleasant.

  2. I have been exploring for a bit for any high quality articles or weblog posts in this kind of house . Exploring in Yahoo I eventually stumbled upon this website. Reading this info So i¦m happy to convey that I have an incredibly excellent uncanny feeling I discovered just what I needed. I most undoubtedly will make sure to don¦t put out of your mind this website and give it a glance on a continuing basis.

  3. Sugar Defender

    I’m not that much of a internet reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Many thanks

  4. sightcare

    An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  5. Fitspresso

    Great – I should certainly pronounce, impressed with your site. I had no trouble navigating through all the tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task..

  6. It’s exhausting to find knowledgeable individuals on this subject, however you sound like you recognize what you’re talking about! Thanks

  7. erecprime reviews

    What Is ErecPrime? ErecPrime is a male enhancement supplement that will help with improving one’s sexual experience.

  8. renew reviews

    Renew: An Overview. Renew is a dietary supplement formulated to aid in the weight loss process by enhancing the body’s regenerative functions

  9. Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

  10. Enjoyed examining this, very good stuff, appreciate it. “Whenever you want to marry someone, go have lunch with his ex-wife.” by Francis William Bourdillon.

  11. papirne kese

    I’ve been absent for a while, but now I remember why I used to love this blog. Thanks, I?¦ll try and check back more often. How frequently you update your site?

  12. Puravive

    I’m extremely impressed with your writing skills and also with the layout on your weblog. Is this a paid theme or did you customize it yourself? Anyway keep up the nice quality writing, it’s rare to see a great blog like this one nowadays..

  13. Lottery Defeater

    Hey there just wanted to give you a quick heads up. The words in your article seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the problem solved soon. Kudos

  14. Fitspresso review

    Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  15. puravive

    Puravive is a natural weight loss supplement and is said to be quite effective in supporting healthy weight loss.

  16. TonicGreens

    Thank you for any other excellent article. Where else may just anybody get that kind of information in such a perfect method of writing? I have a presentation subsequent week, and I’m at the look for such info.

  17. Soulmate Sketch

    Someone essentially help to make seriously posts I would state. This is the first time I frequented your web page and thus far? I amazed with the research you made to create this particular publish incredible. Fantastic job!

  18. Java Burn

    Thanks for the auspicious writeup. It in reality was once a enjoyment account it. Look advanced to far brought agreeable from you! However, how can we be in contact?

  19. lottery defeater

    Lottery Defeater Software is a digital tool designed to assist individuals in improving their chances of winning in various lotteries.

  20. fitspresso reviews

    Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  21. Puravive

    Hello there, I found your site via Google while searching for a related topic, your site came up, it looks great. I have bookmarked it in my google bookmarks.

  22. Zen Cortex

    I truly appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again

  23. Tonic Greens Reviews

    Magnificent website. Lots of useful information here. I’m sending it to a few friends ans also sharing in delicious. And obviously, thanks for your effort!

  24. Herpesyl Review

    Good V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, web site theme . a tones way for your customer to communicate. Nice task..

  25. Glucoberry review

    I just could not depart your site prior to suggesting that I extremely enjoyed the standard info a person provide for your visitors? Is gonna be back often to check up on new posts

  26. Refirmance review

    Hello, i feel that i noticed you visited my blog so i got here to “return the prefer”.I am trying to to find issues to enhance my website!I suppose its ok to make use of some of your ideas!!

  27. Tonic greens

    of course like your web site but you need to check the spelling on quite a few of your posts. Many of them are rife with spelling problems and I to find it very bothersome to inform the truth then again I will definitely come again again.

  28. ¿Cómo debería manejar esto una pareja una vez que descubren que su cónyuge les está engañando? Si un marido debe perdonar a su esposa por su traición es un tema que vale la pena discutir.

  29. puravive

    What Is Puravive? Puravive is a natural weight loss supplement that is known to boost the metabolic processes of the body.

  30. sugar defender

    What is a Sugar Defender? Sugar Shield could be an affront affectability enhancement product that effectively supports stable blood sugar levels.

  31. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  32. www.mcafee/active

    I am glad to be a visitor of this utter web blog! , thanks for this rare info ! .

  33. Some really fantastic blog posts on this website, regards for contribution. “There is one universal gesture that has one universal message–a smile” by Valerie Sokolosky.

  34. hackers for hire

    I like this web blog so much, saved to favorites. “I don’t care what is written about me so long as it isn’t true.” by Dorothy Parker.

  35. prop firm

    Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

  36. prop firm canada

    I will right away grasp your rss feed as I can not to find your e-mail subscription hyperlink or e-newsletter service. Do you have any? Kindly permit me understand so that I may just subscribe. Thanks.

  37. tlover tonet

    Hi there, You have done a fantastic job. I will definitely digg it and in my view recommend to my friends. I am confident they will be benefited from this website.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.