2025.07.16
2025.07.16
This article was :
published
updated
Yesterday the USDJPY traded without clear direction in the upper 147-yen range during Tokyo hours. The June Consumer Price Index (CPI) released at GMT 12:30 showed strong results, causing the USDJPY to break above the May high and reach a peak of 149.02 yen at around GMT 15:30. Trading for the day closed at 148.84 yen.
Today the USDJPY broke above consolidation around 149.0 yen and hit a high of 149.18 yen shortly after GMT 04:00. The June CPI data has pushed back expectations for rate cuts this year, with dollar buying momentum continuing.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on July 16), the width of the Bollinger Bands has expanded and the pair is maintaining a solid foundation. Having broken through recent resistance levels, the next upside target appears to be around 149.5 yen.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
Don't miss trade opportunities with a 99.9% execution rate
Was this article helpful?
0 out of 0 people found this article helpful.
Thank you for your feedback.