The USD/JPY plummeted some 0.80% late in the North American session, as economic data from the United States fueled speculations that the US Federal Reserve could lower rates in September.
USD/JPY falls below 155.00 inside the Ichimoku Cloud. The pair shifted neutral, consolidating inside the ‘cloud.’ Key support levels: 154.72 , 154.00, and 153.31 . Key resistance at 154.93 and 156.17 . The pair traded at 154.72 after hitting a daily high of 156.48. USD/JPY Price Analysis: Technical outlook The USD/JPY has shifted from a neutral upward bias to neutral as prices tumbled inside the Ichimoku Cloud while testing the 50-day moving averages .
Conversely, if buyers reclaim the 155.00 figure, the next resistance level would be the Tenkan-Sen at 154.93. Further resistance lies overhead, like the 155.00 psychological level, followed by the top of the Kumo at 156.17. USD/JPY Price Action – Daily Chart USD/JPY Overview Today last price 154.8 Today Daily Change -1.27 Today Daily Change % -0.81 Today daily open 156.07 Trends Daily SMA20 156.26 Daily SMA50 154.66 Daily SMA100 151.89 Daily SMA200 149.63 Levels Previous Daily High 157.
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