Dollar's Momentum Against Yen 'Curling' Higher, Technical Analysis Shows -- Market Talk

Dow Jones05-12

0131 GMT - The dollar's momentum against the yen is "curling" higher, based on technical analysis, StoneX's Matt Simpson says in commentary. The dollar-yen pair posted a bullish engulfing candlestick pattern on Monday, which could prompt dollar bulls to drive the greenback back toward the 158 yen range, the senior market analyst notes. However, the monthly pivot point at 157.62 yen and the swing low at 157.54 yen "could provide a resistance zone for bears to fade into," Simpson says. The dollar is 0.2% higher at 157.54 yen, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 11, 2026 21:31 ET (01:31 GMT)

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