USD/JPY Down 21 Pips Over Past Hour; Moves Up For the 3rd Straight Day

Hourly Update

(Last Updated June 22, 2022 1:37 GMT)

At the moment, USDJPY’s rate is down -2070 pips (-0.15%) from the hour prior. This is the 2nd consecutive hour USDJPY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 50 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)

USDJPY is up 125 pips (0.92%) since the previous day (opening today near 136.341), marking the 3rd straight day an increase has occurred. Relative to other instruments in the Forex asset class, USDJPY ranked 5th the previous day in terms of percentage price change. Below is a price chart of USDJPY.

USDJPY

USDJPY Technical Analysis

The clearest trend exists on the 90 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 up 17 them.