USDJPY pair erased early losses and is moving higher as investors digested fresh figures which showed Japan’s unemployment rate lowered slightly in November, while retail activity in the country grew less than expected. Also recent comments from BoJ Governor Haruhiko Kuroda weighed on yen. Kuroda pushed back against speculations that the central bank would soon abandon its ultra-loose monetary policy following a surprise adjustment to the 10-year yield target last week. Kuroda said “the Bank will aim to achieve the price target in a sustainable and stable manner, accompanied by wage increases, by continuing with monetary easing under yield curve control.” He added that Japan’s labor market conditions, particularly for non-regular employees, are projected to tighten further.
From technical point of view, USDJPY pair is currently testing major resistance at 133.10, which is marked with previous price reactions and 38.25 Fibonacci retracement of the upward move started in January 2021. Should a break higher occur, upward move may accelerate towards the upper limit of the descending channel. On the other hand, if sellers manage to regain control, retest of the support at 130.60 cannot be ruled out.
USDJPY, D1 interval. Source: xStation5
BREAKING: U.S. sales above expectations!
GBPUSD slightly up after stronger than expected UK labour market data
Three Markets To Watch (20.04.2026)
Dollar Plummets After Opening of the Strait of Hormuz 💲📉 The Start of a Sharp Correction❓
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
