159.025
Today
+0.03%
5 Days
-0.18%
1 Month
-2.94%
6 Months
+2.85%
Year to Date
+1.47%
1 Year
+8.26%
Opening Price
158.971Previous Closing Price
158.959The Japanese Yen (JPY) extends losses against the US Dollar (USD) in a calm trading session on Monday.
The USD/JPY pair rallies over 75 pips following an intraday slide to mid-158.00s and climbs to a fresh daily high during the first half of the European session on Monday.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as lacking fresh clues after swings between 158.33 and 159.13, leaving intraday trade likely confined to 158.55–159.30.
MUFG’s Teppei Ino reviews recent USD/JPY trading ahead of Jackson Hole. The pair opened near 159 and repeatedly tested the 160 level, which acted as psychological resistance as traders watched for possible Japanese intervention.
USD/JPY extended its losses for the second straight day after intraday volatility, trading around 158.80 during Asian hours on Monday. The pair declines as the Japanese Yen (JPY) gains ground on stronger-than-expected inflation data, which accelerated for a second straight month.
The US Dollar (USD) is muted against the Japanese Yen (JPY). USD/JPY traded in the low 159.00s at the time of writing on Friday.
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The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets
below 158.67, expect 158.34 and 158.15.
The upside prevails as long as 158.67 is support, with 159.43 and 159.62 as targets
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