FX.co ★ Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of #USD/JPY on the hourly (H1) chart.

There is a high chance for yen to rise against dollar. Quotes may hit £144.09 per dollar in the coming days, especially if the dynamic support level (yellow triangle area on the chart) within £147.12- £146.70 is broken.

Otherwise, expect a decline in yen to the key resistance level of £148.72.

Good luck!