115 remains a key level for USD/JPY traders

Close-up of market chart
Matt Simpson financial analyst
By : ,  Market Analyst

In today's video we look at the USD/JPY spot chart after it printed a bearish hammer at a key resistance level. Whilst yield differentials suggest it could still break higher we need the bearish sentiment to ease off, as it could remove a pillar of support for the Japanese yen and allow USD/JPY to track higher. Therefore we highlight key levels we think that could be the difference between a deeper correction from its highs or continuation above 115, if breached. 



Everything you should know about the Japanese Yen


Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.

Economic Calendar

Finger pointing on market chart data
Burberry FY preview: Where next for the Burberry share price?
Congress building
US open: Stocks point to a mixed start, growth fears persist
Close-up of stock market board
Reddit stocks: what meme stocks are trending?
Graphic of trading data chart
Two trades to watch: FTSE, EUR/USD