USD/JPY Holds Near Recent Highs but Loses Momentum
The pair is trading at 157.85, slightly lower across key intraday timeframes and just below its five-minute moving averages.
04 Nov, 14:05 · USDJPY
Redatto da Lorenzo Carlo Junior Marconi
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USD/JPY has traded in a narrow 157.64–157.95 range over the past 24 and 48 hours. Very short-term indicators point to moderate pressure, while the pair remains in the upper part of its daily range.
Tight range around 157.85
USD/JPY is trading at 157.85, down 0.03% over the past hour and 0.04% over the past four hours. Over 12 hours, the pair is marginally higher (+0.03%), while it is down 0.02% over both 24 and 48 hours. The 24-hour high and low match the 48-hour levels, at 157.95 and 157.64 respectively, indicating that the trading range has not widened.
Short-term technical signals
The pair is at 68.5% of its 24-hour range, placing it closer to the 157.95 high than the 157.64 low. However, the price is marginally below the 20-period moving average on the five-minute chart, at 157.88, and the 50-period average, at 157.89. The 14-period RSI on the five-minute chart stands at 36.3, signalling relative short-term weakness without, on its own, offering a definitive indication of the next directional move.
Key levels in the recent range
Five-minute volatility stands at 0.018%, consistent with a period of limited price movement. In the near term, the upper boundary of the range at 157.95 and the lower boundary at 157.64 remain the main numerical reference points in the available data. Staying below the moving averages signals technical caution; conversely, the pair’s still-elevated position within its daily range shows it has not moved materially away from recent highs.
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