Dollar Seems to be in 'decent' Uptrend Vs. Yen, Chart Shows

Dow Jones07-14

0119 GMT - The dollar seems to be in a "decent" uptrend against the yen from Monday's low, based on the one-hour chart, StoneX's Matt Simpson says in commentary. The dollar-yen pair has been testing weekly "R1" pivot point while staying above its daily, weekly and monthly volume-weighted average prices, the senior market analyst notes. However, traders should note that July's volume point of control for the dollar is at 162.69 yen, which aligns with last week's high and could offer resistance, Simpson says. "It could then come down to the U.S. inflation report [due out later today] to determine whether we see a meaningful breakout or a deeper pullback," the analyst adds. The dollar is 0.1% lower at 162.32 yen, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 13, 2026 21:19 ET (01:19 GMT)

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