Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
29 Aug 2019

USD/JPY technical analysis: Challenging weekly highs ahead of the Tokyo Consumer Price Index

  • USD/JPY is challenging the weekly highs ahead of the release of the Tokyo inflation at 23:30 GMT.
  • The levels to beat for bulls are at the 106.77 and 107.07 resistances.
 

USD/JPY daily chart

 
 
USD/JPY is trading in the upper half of its weekly range while trading below its main daily simple moving averages (DSMAs). The market is holding above the 106.00 handle as the bear trend is currently on hold. 
 

USD/JPY 4-hour chart

 
USD/JPY is challenging the 106.55 resistance. Bulls would need a daily close above 106.77 resistance to drive the market towards 107.07, 107.22 and 107.77 resistance levels, according to the Technical Confluences Indicator.
 

USD/JPY 30-minute chart

 
Dollar/Yen is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at 106.30, 105.12 and 105.90 according to the Technical Confluences Indicator. The Tokyo Consumer Price Index at 23:30 GMT can lead to high volatility in JPY-related pairs. 
 
 

Additional key levels

 

Aug 29, 2019

China clamps down on capital flight risk as yuan weakens - Asian Review

The Nikkei Asian Review has put out an article that addressed the efforts for which China is seeking to prevent the collapse of the Yuan. This follows
Read more Previous
Aug 29, 2019

Forex Today: easing tensions lifted the mood

Here is what you need to know on Friday, August 30th: - Easing tensions between the US and China boosted the market’s sentiment. The dollar recovered
Read more Next