CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% 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.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
For Traders
Analytical Reviews
Technical analysis

05.07.202116:33 Forex Analysis & Reviews: USD/JPY Hot Forecast for 5th July

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
  • A combination of factors failed to assist USD/JPY to capitalize on its modest uptick.
  • Diminishing odds for an earlier Fed rate hike kept the USD bulls on the defensive.
  • A softer risk tone benefitted the safe-haven JPY and collaborated to cap the major.

Exchange Rates 05.07.2021 analysis

USD/JPY is moderating its bounce off 110.8 amid bearish momentum. The yen pair remains inside a two-week-long ascending trend channel formation. Given the declining momentum line, the quote is likely to retest the key 111.00 threshold.

The USD/JPY pair's daily chart shows that Friday's decline fell short of suggesting further declines ahead. The pair keeps developing above the ascending trend-line support providing dynamic support at around 110.35. Technical indicators retreated from their highs, maintaining their bearish slopes but within positive levels.

The 4-hour chart shows that technical indicators retreated sharply from oversold readings and, as the price pierces above 20 level from below , favoring a next bullish move.

In the meantime, the broader market risk sentiment will continue to influence the USD/JPY pair and allow traders to grab some short-term opportunities. That said, the momentum is likely to be limited as investors might prefer to wait on the sidelines ahead of the key event risk.

Jan Novotny
Analytical expert of InstaForex
© 2007-2025
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




All Analytics
Wave analysis
EUR/USD Analysis – March 31st The wave structure on the 4-hour EUR/USD chart is at risk of transforming into a more complex formation. On September 25 of last year, a new downward structure began forming
Chin Zhao
20:10 2025-03-31 +02:00
1375
Wave analysis
GBP/USD Analysis – March 31: The Pound Takes a Break The wave structure for GBP/USD remains somewhat ambiguous, though overall acceptable. Currently, there is still a high probability of a long-term downward trend formation. Wave 5 has taken a convincing
Chin Zhao
20:08 2025-03-31 +02:00
1225
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 12:00 UTC--4
EUR/USD Analysis – March 31st
20:10 2025-03-31
Wave analysis
Relevance up to 08:00 UTC--4
GBP/USD Analysis – March 31: The Pound Takes a Break
20:08 2025-03-31
Wave analysis
Relevance up to 03:00 UTC--4
Gold shines in crisis: best quarter since 1986 amid global turmoil
12:51 2025-03-31
News
Relevance up to 08:00 UTC--4
GBPUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)
19:58 2025-03-31
Forecast
Relevance up to 08:00 UTC--4
EURUSD: Simple Trading Tips for Beginner Traders on March 31st (U.S. Session)
19:55 2025-03-31
Forecast
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% 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.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

🍪 We use cookies

We may place cookies for analysis of our visitor data, to improve our website and measure advertising performance. Overall this data is used to provide a better website experience. More information

 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.