USD/JPY Down 11 Pips in Last Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 15, 2022 1:38 GMT)

Currently, USDJPY’s rate is down -1070 pips (-0.08%) from the hour prior. The hourly chart shows that USDJPY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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)

The choppiness in the recent daily price action of USDJPY continues; to start today, it came in at a price of 135.19501, up 87 pips (0.65%) since the previous day. Relative to other instruments in the Forex asset class, USDJPY ranked 8th the previous day in terms of percentage price change. Let’s take a look at price chart of USDJPY.

USDJPY

USDJPY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days USDJPY’s price has gone up 7 them.