USD/JPY tests 200-day moving average as yen weakness pushes it higher, New York FX

The story

Toward the end of New York trading, dollar-yen continued to push higher, extending its gains to around 158.71. No catalyst for dollar strength was evident, and yen weakness appears to be pushing the pair higher.

The current focus is the 200-day moving average, which is around 158.60 and is now being tested for a breakout. However, this has been a level that has capped gains since late September, and resistance above is considered strong.

The article states that no direct catalyst for yen depreciation has been identified. The foreign exchange market’s movements may also reflect factors related to awaiting upcoming events.

The other major indicators cited were USD/JPY 158.71, EUR/JPY 177.63, GBP/JPY 212.94 and AUD/JPY 110.55.

At a glance

InstrumentUSD/JPY rises to around 158.71

MetricThe 200-day moving average is around 158.60, and USD/JPY is testing a break above it.

CatalystNo direct catalyst for yen depreciation is evident.

LevelResistance above appears strong at levels seen since September.

Reference information. Every claim resolves to something the story actually named.

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.