(VIANEWS) – USD/JPY continued its intraday decline through Monday’s Asian session and fell to new daily lows in the region of 110.30-25 within the hour.
FXStreet reports that the pair failed to capitalize on last week’s strong recovery from around the 109.00 mark. However, the new supply was available on the first day for a new trading session. The safe-haven Japanese currency gained from the improvement in global risk sentiment, which was a major factor driving the USD/JPY trade.
USD/JPY (USDJPY) is currently on bullish momentum. At 10:06 EST on Monday, 26 July, USD/JPY (USDJPY) is at 110.3250, 1.07% up since the last session’s close.
USD/JPY (USDJPY) Range
About USD/JPY’s daily highs and lows, it’s 0.827% up from its trailing 7 days low of $109.42 and 0.216% down from its trailing 7 days high of $110.56.
USD/JPY’s yearly highs and lows, it’s 7.54% up from its 52-week low and 1.192% down from its 52-week high.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/JPY’s Forex is considered to be oversold (<=20).
Last news about USD/JPY (USDJPY)
Usd/Jpy climbs to over one-week tops, around mid-110.00s. According to FXStreet on Friday, 23 July, “This was evident from a generally positive tone around the equity markets, which, in turn, undermined the safe-haven Japanese yen and was seen as a key factor driving the USD/JPY pair higher.”, “Following the previous day’s modest pullback, the USD/JPY pair attracted some dip-buying near the key 110.00 psychological mark and built on this week’s goodish rebound from the 109.00 neighbourhood. ”
Usd/Jpy climbs to fresh 10-day highs above 110.50. According to FXStreet on Friday, 23 July, “Rising US Treasury bond yields and modest USD strength is helping USD/JPY preserve its bullish momentum in the second half of the day. “, “After spending the Asian session moving sideways around 110.00 on Friday, the USD/JPY pair gained traction and reached its highest level in 10 days at 110.59. ”
Usd/Jpy price analysis: bulls set to extend gains beyond 110.55. According to FXStreet on Monday, 26 July, “On the daily chart, the USD/JPY pair has risen sharply from the low of 109.06 to touch the high of 110.59 on Friday. “, “The USD/JPY pair will make the next move towards Friday’s low of 110.08 followed by the 109.85 horizontal support level.”
Usd/jpy slides to fresh session lows, around 110.30-25 region. According to FXStreet on Monday, 26 July, “The anti-risk flow was reinforced by retreating US Treasury bond yields, which kept the US dollar bulls on the defensive and exerted additional pressure on the USD/JPY pair.”, “Nevertheless, the outcome will play a key role in influencing the USD price dynamics and help investors to determine the next leg of a directional move for the USD/JPY pair, warranting caution for bearish traders.”
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