Dear Friends!
USD/JPY is trading sideways around 154.00 during the Asian session on Tuesday. The pair was weighed down by Japanese comments and a softer risk-on tone. However, a fresh rally in the US Dollar limited the pair's losses ahead of the US November Retail Sales report.
From a technical point of view, USDJPY remains in an uptrend with the trendline, EMAs and price channel still favoring buyers. In the short term, keep an eye on the upper limit of the channel, which could provide fresh upside momentum for USDJPY.
Wishing you happy and profitable trading.
USD/JPY is trading sideways around 154.00 during the Asian session on Tuesday. The pair was weighed down by Japanese comments and a softer risk-on tone. However, a fresh rally in the US Dollar limited the pair's losses ahead of the US November Retail Sales report.
From a technical point of view, USDJPY remains in an uptrend with the trendline, EMAs and price channel still favoring buyers. In the short term, keep an eye on the upper limit of the channel, which could provide fresh upside momentum for USDJPY.
Wishing you happy and profitable trading.
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.