USDJPY Down 2 Pips in Last Hour, Entered Today Up For the 2nd Straight Day; Eyes 20 Day Average

Hourly Update

(Last Updated June 10, 2021 7:15 GMT)

Currently, USDJPY’s rate is down -180 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

USDJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDJPY is up 16 pips (0.15%) since yesterday (opening today near 109.631), marking the 2nd straight day an upward move has occurred. Relative to other instruments in the Forex asset class, USDJPY ranked 10th yesterday in terms of percentage price change. Let’s take a look at price chart of USDJPY.

USDJPY

USDJPY Technical Analysis

Coming into today USDJPY is now close to its 20, 50 and 100 day averages, located at 109.3761, 109.0165 and 108.622 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days USDJPY’s price has gone down 16 them.