Today
-0.09%
5 Days
+0.80%
1 Month
+0.90%
6 Months
+1.63%
Year to Date
+1.92%
1 Year
+3.61%
Opening Price
159.874Previous Closing Price
159.851
As long as 159.29 is support, look for 160.09
below 159.29, expect 159.04 and 158.90.
As long as 159.29 is support, look for 160.09
The Japanese Yen (JPY) outperforms its major currency peers on Thursday. Against the US Dollar (USD), the Asia-Pacific currency is marginally higher even as the US Dollar Index (DXY) hits a fresh 18-month high at 103.08 during the day.
The USD/JPY pair attracts some sellers during the Asian session on Thursday, snapping a two-day winning streak to its highest level since early September, around the 160.00 psychological mark touched the previous day.
Bank of Japan (BoJ) board member Toichiro Asada said on Thursday that the central bank must be mindful of expected effect of past rate increases on economy. Asada added that underlying inflation fluctuates around levels consistent with BoJ's price target.
Japan's top currency diplomat Atsushi Mimura said on Wednesday that recent currency moves, including those of the past few days, are too rapid.
The 160.00 level is within reach of USD/JPY for the first time since early September, with Fed speakers and US producer prices still to come before the weekend. USD/JPY has left the range it held for seven weeks and reached just under 160.00, its highest since September 2.
USD/JPY extends its bullish momentum on Wednesday, climbing 0.54% to around 159.65 at the time of writing, its highest level in ten weeks.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
