Today News: USD/JPY [18 Nov 2021] -

Today News: USD/JPY [18 Nov 2021] -


 Almost reaches 115.00

The USD/JPY currency exchange rate almost
touched the 115.00 mark before a
retracement back down started.

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USD/JPY Rips to Key Resistance
Pivot at Fresh 2021 High

The US Dollar surged for a second weekly advance
against the Japanese Yen with USD/JPY ripping
into resistance at fresh yearly highs.

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Positive Short-Term Momentum

Looking at USD/JPY’s weekly chart, we
can see the start of the reversal,
which occurred on Nov. 10

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USD/JPY pares biggest daily loss in
three months near 114.00 

USD/JPY refreshed an intraday high around 114.25,
before stepping back to 114.06, as Tokyo
opened for Thursday’s trading

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Breakout Over 114.728 Puts 115.501
115.615 on the Radar

The Dollar/Yen is inching higher early Wednesday
after taking out its highest level in more
than five years the previous session.

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Daily technical and trading
outlook – USD/JPY

USD/JPY - 114.92.. The pair caught a bid at Tokyo
open y'day n climbed to 114.31, despite a
pullback on profit taking to 114.11

Continue reading with Fxstreet...


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