US Dollar In Uptrend Despite Pullback

US Dollar In Uptrend Despite Pullback

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/us-dollar-uptrend-despite-pullback-132006537.html
Published: Jul 14, 2026 9:20 AM

USD/JPY Technical AnalysisUSD/JPY is easing back on the daily chart but stays in its uptrend, with 161 and the 50-day EMA underneath. Source: TradingView. The US dollar has pulled back just a touch against the Japanese yen, but it also looks very much like a market, at least to me, that is still in an uptrend. The sideways grind that we see at this moment is a feature of a market that is torn between the idea that the Bank of Japan may have to be very cautious about the potential of inflation and, at the same time, the destruction of the Japanese yen. The 161 yen level has recently been supported, and the 50-day EMA heading to that level could offer a little bit of solace for those looking t...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.