0040 GMT - USD/JPY's bearish 'outside day" posted Tuesday impairs its bullish trend in near term, StoneX's Matt Simpson says in commentary. Also, it seems stretched based on its 10- and 20-day exponential moving averages and a bearish divergence has formed on daily relative strength index, suggesting some mean reversion could be on the horizon, the senior market analyst says. October's high of 153.28 is likely a key level for traders in short term, made more significant by its alignment with weekly pivot point, Simpson says. For now, the one-hour chart shows USD/JPY trying to hold above that level. USD/JPY is 0.1% lower at 153.46, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 04, 2025 19:40 ET (00:40 GMT)
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