Read more
9:04 AM · 22 March 2022

Chart of the day - USDJPY (22.03.2022)

USD/JPY
Forex
-
-

USDJPY is an almost constant upward move since the beginning of 2022. In spite of pick-up in geopolitical tensions, JPY fails to act as a safe haven and is the worst performing G10 currency year-to-date. Meanwhile, the US dollar is having a great start to the year as the Fed's tightening cycle and safe have flows keep currency in demand. USDJPY is one of the pairs that best reflect changes in US yields and as those were on the rise so was the pair. Result of these factors is the first break of the USDJPY above 120.00 mark since early-2016.

Taking a look at the USDJPY chart at a weekly interval, we can see that the pair broke above a long-term resistance zone in the 116.50 area at the beginning of March and is now slowly approaching resistance in the 121.25 area. Blue overlay on the chart below is an inverted TNOTE chart and shows that upward move on the pair mimicked changes on the bond market. Having said that, keeping track of US yields may be the best way of trading USDJPY right now. Traders should keep on guard this afternoon as a number of Fed members will be delivering speeches.

Source: xStation5

5 December 2025, 4:30 PM

3 markets to watch next week (05.12.2025)

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

5 December 2025, 10:05 AM

BREAKING: Euro-zone GDP slightly above expectations!📈 EURUSD remains stable

5 December 2025, 7:01 AM

BREAKING: Germany industrial orders for October higher than expected; EURUSD gains 📌

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits