USDJPY trades at the lower extreme. 100 hour MA now resistance.

The USDJPY USD/JPY The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting The USD/JPY is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Japanese yen of Japan (symbol ¥, code JPY). The pair’s rate indicates how many Japanese yen are needed in order to purchase one US dollar. For example, when the USD/JPY is trading at 100.00, it means 1 US dollar is equivalent to 100 Japanese yen. The US dollar (USD) is the world’s most traded currency, whilst the Japanese yen is the world’s third most traded currency, resulting Read this Term has a huge 400 PIP Pip In forex markets, a pip is a percentage in point or price interest point (pip), reflecting a unit of change in an exchange rate. Major currency pairs are traditionally priced to four decimal places – a pip is one unit of the fourth decimal point, or 1/100 of a cent. The exception in this case is the Japanese yen, in which a pip is one unit of the second decimal point. Pips adhere to a rate of change that may be related to a value change in a position of specific currency rates. Forex is traded In forex markets, a pip is a percentage in point or price interest point (pip), reflecting a unit of change in an exchange rate. Major currency pairs are traditionally priced to four decimal places – a pip is one unit of the fourth decimal point, or 1/100 of a cent. The exception in this case is the Japanese yen, in which a pip is one unit of the second decimal point. Pips adhere to a rate of change that may be related to a value change in a position of specific currency rates. Forex is traded Read this Term trading range today. The high price came in at 131.57. The low price was at 127.56. At the high, the price was up 352 pips. It's most recent low price took the price down -49 pips.

The current price is trading marginally higher from the closing level yesterday at 128.14. The current price is at 128.30.

It's been a wild up and down ride with the catalyst being the Bank of Japan decision to keep rates, policy and forecasts steady. That led to a sharp rise, but the market is intent on taking the JPY higher.

Technically, the price decline has taken the pair back below its 100 hour moving average at 128.699 (blue line in the chart above). That tilted the bias more to the downside once again. Stay below is more bearish. The low price for the day reach down to 127.56. That is still above the low price from Monday to trade at 127.21 moving below that level and staying below would increase bearish bias.

Looking at the weekly chart, the 50% midpoint of the move up from the comes in at 126.554. A swing low from the week of May 22, 2022 comes in at 126.348. Both those levels would be targets on the downside on more selling pressure (on a move below the low at 127.21).