Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Dogecoin 
There is just one to take note of on the board for the day, as highlighted in bold below.That being for USD/JPY at the 155.00 level. Similar to yesterday, the expiries may factor into play in acting as a magnet for price action during the session ahead. However, the impact of the one for USD/JPY may not be as robust compared to other major currencies. The trading context is important in this case.The currency pair remains locked in a battle as dip buyers are trying to push their agenda this week but facing up against intervention risks. The latter remains a key blockade in terms of limiting the pace of any gains, with some traders heeding caution amid potential for Tokyo officials to step in.The key threshold seems to be anywhere above 155 to 159 at this stage. So, that will keep trading sentiment on edge. That especially with the dollar side of the equation also having to depend on geopolitical risks amid the ongoing tensions between US and Iran. That will also be a key risk factor before the weekend comes along.For more information on how to use this data, you may refer to this post here.Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
USD/JPY is hovering around the critical 155.00 level, and here’s why that matters right now: With expiries at this level, traders should expect heightened volatility as the market reacts to these options. This could create a magnet effect, pulling prices towards 155.00, which may act as both support and resistance. If we see a break above this level, it could trigger a bullish momentum, potentially targeting higher resistance levels. Conversely, a failure to hold could lead to a quick sell-off, especially if the daily close falls below 154.50. Keep an eye on related pairs like EUR/JPY, as movements in USD/JPY often influence broader market sentiment in the forex space. Here’s the thing: while many traders might be focused solely on the technical aspects, it’s crucial to consider the broader economic context, including any upcoming U.S. economic data releases that could impact the dollar. Watch for any shifts in sentiment around the Fed’s monetary policy, as that could add another layer of complexity to trading decisions around this level.
📮 Takeaway
Monitor the 155.00 level in USD/JPY closely; a break could lead to bullish momentum, while a drop below 154.50 may trigger selling pressure.
