USD/JPY's Bearish 'Outside Day' Impairs Bullish Trend in Near Term, Charts Show -- Market Talk

Dow Jones
Nov 05

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10