159.269
Today
+0.13%
5 Days
-0.10%
1 Month
-2.77%
6 Months
+2.22%
Year to Date
+1.65%
1 Year
+8.44%
Opening Price
159.028Previous Closing Price
159.082USD/JPY trades around 159.30 on Tuesday at the time of writing, up 0.15% on the day.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY as locked in a range-trading phase, with a slightly firmer tone keeping the pair in a higher intraday band of 158.80–159.45.
The Japanese Yen (JPY) remains on the defensive against the US Dollar (USD) on Tuesday, in a low-volatility market, as investors await key data releases and the Jackson Hole symposium, due in the second half of the week, to make decisions.
The USD/JPY pair is seen oscillating in a narrow band just above the 159.00 mark during the Asian session on Tuesday, awaiting a fresh catalyst before the next leg of a directional move.
Dollar-Yen holds near 159.00 into the North American afternoon, marginally higher on the day inside a range of roughly three quarters of a Yen between the 158.50 area and a high short of 159.50.
The US Dollar (USD) is grinding higher against the Japanese Yen (JPY) at the time of writing, with USD/JPY holding north of the 159.00 mark.
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The upside prevails as long as 159.07 is support, with 159.84 and 160.04 as targets
below 159.07, expect 158.73 and 158.53.
The upside prevails as long as 159.07 is support, with 159.84 and 160.04 as targets
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