200-day moving average: USD/JPY consolidates below this level – Societe Generale

157.97–158.53 was USD/JPY’s overnight trading range, Societe Generale reports. With implied volatility unchanged, the pair remains in consolidation below its 200-day moving average (dma) at 158.68. Support stands at 156.96, while resistance is at 159.04.

158.68 moving average caps USD/JPY

"USD/JPY: 157.97 - 158.53 overnight range. Consolidation intact below 158.68 (200dma), implied vol steady. Support 156.96, resistance 159.04."

"Bank of Japan Governor Ueda: upside risks to inflation, haven’t heard complains on higher rates. Current account data tonight."

"The 10y UST yield successfully defended the 100dma at 4.80% and the question for any tactician is whether this week’s CPI print will endorse or cut short the return of duration buyers."

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

"Last month, hot CPI was roundly ignored as stocks tumbled on October 14th."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)