157.967
Today
+0.38%
5 Days
+1.87%
1 Month
-0.62%
6 Months
-0.77%
Year to Date
+0.81%
1 Year
+6.95%
Opening Price
157.346Previous Closing Price
157.376
The upside prevails as long as 157.11 is support, with 158.02 and 158.26 as targets
below 157.11, expect 156.70 and 156.45.
The upside prevails as long as 157.11 is support, with 158.02 and 158.26 as targets
The Japanese Yen (JPY) continues to underperform against the US Dollar (USD), with the USD/JPY pair trading 0.3% higher to near 157.85 during the European session on Wednesday. The USD/JPY pair is little far from the two-week high of 158.05 posted on Friday.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a constructive short-term view on USD/JPY after the pair closed at 157.37. They still see scope for further US Dollar (USD) strength, with intraday moves expected within 157.10–157.90 and firm resistance at 158.40.
The Japanese Yen (JPY) continues to underperform against the US Dollar (USD), with the USD/JPY pair trading 0.2% higher to near 157.70 during the European session on Wednesday. The pair trades higher due to continued outperformance by the US Dollar.
Japanese Prime Minister Takaichi Sanae and US President Donald Trump have held a summit to enhance economic security partnership. The two leaders are in New York for a meeting of the United Nations General Assembly.
The USD/JPY pair gathers strength to around 157.60 during the early Asian trading hours on Wednesday. The Japanese Yen (JPY) extends the decline due to a lack of explicitly hawkish guidance from the Bank of Japan (BoJ) after the rate hike last week.
Cheaper Crude Oil should help the Yen, since Japan buys almost all of its Crude Oil abroad, and on Tuesday it helped only briefly. USD/JPY dropped close to 157.00 after reports that Iran has offered to reopen the Strait of Hormuz, then climbed back to trade near 157.50.
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.
