Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

USD/JPY briefly overcomes ¥158.00 6-month high while EUR/JPY, AUD/USD

USD/JPY briefly overcomes ¥158 6-month high while EUR/JPY, AUD/USD look bid amid weakening US dollar on targeted tariff reports.

USD/JPY Source: Adobe images

USD/JPY flirts with ¥158.00 mark

USD/JPY briefly overcame its December ¥158.08 six-month high by rising to ¥158.41 on Tuesday. A rise above this level would engage the ¥160 region.

Minor support below Thursday's ¥156.45 low can be spotted at the late December ¥156.03 low.

USD/JPY Source: Tradingview
USD/JPY Source: Tradingview

EUR/JPY advances further

EUR/JPY tries to reach the 200-day simple moving average (SMA) at ¥164.64 and the late December peak at ¥164.90.

Minor support below the ¥163.80 19 December high can be seen at Thursday's ¥163.31 high and along the 55-day SMA at ¥162.57. The medium-term uptrend will remain intact while the 18 December low at ¥159.82 underpins.

EUR/JPY chart Source: Tradingview
EUR/JPY chart Source: Tradingview

AUD/USD bounces off support

AUD/USD still bounces off last week's 2 1/4 year low, made at $0.6180, below which lies the October 2022 low at $0.6171. While this support area underpins, the current minor recovery movement may take the cross to its September-to-January downtrend line at $0.6299 and Monday's $0.6302 high. Above these lies the 11 December low at $0.6337.

Minor support can be found at the 30 December $0.6246 high.

AUD/USD chart Source: Tradingview
AUD/USD chart Source: Tradingview

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Start trading forex today

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.