158.057
Today
-0.15%
5 Days
-0.01%
1 Month
+2.94%
6 Months
-0.87%
Year to Date
+0.86%
1 Year
+3.80%
Opening Price
158.261Previous Closing Price
158.298
Under pressure below 158.59, with 157.58 and 157.34 as targets
above 158.59, look for 158.99 and 159.23.
Under pressure below 158.59, with 157.58 and 157.34 as targets
USD/JPY extends its advance on Wednesday, gaining 0.36% on the day to trade around 158.90 at the time of writing.
The Japanese Yen (JPY) is trading practically flat against the US Dollar (USD) on Wednesday, with traders in a “wait-and-see” stance, ahead of the release of September’s US Consumer Price Index (CPI) report.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann describe choppy USD/JPY price action around 158.35, with Monday’s spike followed by a brief drop below strong support at 157.85.
The USD/JPY pair struggles to capitalize on the previous day's modest bounce from the 157.85-157.80 region, or the weekly low, and seesaws between tepid gains/minor losses through the early European session on Wednesday.
The USD/JPY pair edges higher on Wednesday, trading near mid-158.00s during the Asian session and within striking distance of the monthly high, touched last week. Spot prices, however, remain confined in a familiar range as traders now look forward to the US inflation figures for a fresh impetus.
The Dollar fell against every major currency on Tuesday and fell least against the Yen, on the day the Bank of Japan (BoJ) was reported to be leaning against an October rate hike.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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