{"id":15857,"date":"2024-11-25T08:19:58","date_gmt":"2024-11-25T08:19:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=15857"},"modified":"2024-11-25T08:19:58","modified_gmt":"2024-11-25T08:19:58","slug":"usdjpy-steadies-as-dollar-tumbles","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/usdjpy-steadies-as-dollar-tumbles\/","title":{"rendered":"USDJPY Steadies as Dollar Tumbles"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Key points:<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD\/JPY tested a low of <strong>153.549<\/strong> before recovering to close near <strong>154.429<\/strong>.<\/li>\n\n\n\n<li>Resistance remains near the <strong>155.024<\/strong> level, while support is established at <strong>153.55<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The USD\/JPY pair experienced volatility in recent sessions, dipping to a low of 153.549 before finding support and rebounding above the 154.40 level.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/11\/image-39-1024x443.jpeg\" alt=\"\" class=\"wp-image-15858\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: USD\/JPY rebounds from 153.55 support, testing recovery near 154.40, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" title=\"\">VT Markets app<\/a><\/em>.<\/p>\n\n\n\n<p>The pair\u2019s movements reflect shifting sentiment amid US dollar weakness, stabilising bond yields, and broader market uncertainty tied to geopolitical and macroeconomic factors.<\/p>\n\n\n\n<p><strong>See also: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/japans-nikkei-rebounds-as-chip-stocks-rally\/\">Japan\u2019s Nikkei Rebounds as Chip Stocks Rally<\/a><\/strong><\/p>\n\n\n\n<p>The USD\/JPY began the session on a weaker note, tracking dollar softness observed in early Asia trade. The pair fell sharply to test a key support level near <strong>153.55<\/strong>, before buyers stepped in, pushing the price higher. As of now, the pair is trading at <strong>154.431<\/strong>, showing signs of consolidation.<\/p>\n\n\n\n<p>Technical analysis highlights that the pair remains below the <strong>155.00<\/strong> resistance zone, which coincides with its most recent peak at <strong>155.024<\/strong>. On the downside, <strong>153.55<\/strong> has emerged as a key support, with buyers defending this level during the session.<\/p>\n\n\n\n<p>The 15-minute moving averages (5, 10, 30) indicate a gradual recovery, with upward momentum confirmed by the MACD (12, 26, 9), which has shifted into positive territory.<\/p>\n\n\n\n<p>This rebound aligns with a stabilisation in US Treasury yields, which had experienced two months of selling pressure before rebounding over the past week.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Trump&#39;s Treasury pick, hedge fund pro Scott Bessent, won\u2019t want to give his competitors a chance to make money at his expense, writes <a href=\"https:\/\/twitter.com\/MarcRuby?ref_src=twsrc%5Etfw\">@MarcRuby<\/a> <a href=\"https:\/\/t.co\/YH0MPcgdTc\">https:\/\/t.co\/YH0MPcgdTc<\/a> via <a href=\"https:\/\/twitter.com\/opinion?ref_src=twsrc%5Etfw\">@opinion<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1860957534871298517?ref_src=twsrc%5Etfw\">November 25, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Additionally, sentiment surrounding the <a href=\"https:\/\/t.co\/mhbzYagj7j\">dollar remains cautious<\/a> after the announcement of Scott Bessent as the nominee to lead the US Treasury.<\/p>\n\n\n\n<p>While this news initially pressured the dollar, markets now appear to be recalibrating expectations.<\/p>\n\n\n\n<p>Looking ahead, the USD\/JPY will face its next test at the <strong>155.00<\/strong> level. A breakout above this resistance could open the door to further gains, while failure to sustain above <strong>154.40<\/strong> may see the pair retest the <strong>153.55<\/strong> support.<\/p>\n\n\n\n<p>Market participants will closely monitor upcoming US data and <a href=\"https:\/\/t.co\/lep5NDhCDn\">bond market developments<\/a>, as well as geopolitical factors, for additional directional cues.<\/p>\n\n\n\n<p>For now, the pair\u2019s ability to stabilise above <strong>154.40<\/strong> reflects tentative recovery momentum, though upside potential remains capped until broader dollar strength returns.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY rebounds from 153.55 support, consolidating near 154.40. Key resistance at 155.00 may cap further upside momentum. &#8211; vtmarkets.com <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[28,12,30],"class_list":["post-15857","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-dollar","tag-forex","tag-yen"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=15857"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/15857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=15857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=15857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=15857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}