161.441
Today
-0.69%
5 Days
-0.20%
1 Month
+1.13%
6 Months
+3.03%
Year to Date
+3.03%
1 Year
+12.60%
Opening Price
162.559Previous Closing Price
162.558The 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.

Short positions below 161.90 with targets at 160.50 & 160.10 in extension.
above 161.90 look for further upside with 162.10 & 162.30 as targets.
short positions below 161.90 with targets at 160.50 & 160.10 in extension.
The Japanese Yen (JPY) staged a sharp rebound against the US Dollar (USD) on Friday, raising speculation about potential action by the Japanese Ministry of Finance (MoF).

When asked about the sudden spike in the Japanese Yen (JPY), Japan’s Finance Ministry declined to comment, per Reuters.

Volkmar Baur at Commerzbank highlights solid Japanese activity data, with the manufacturing PMI at 54.8 and the Tankan business conditions index at its highest since 2003.

The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.

MUFG strategist Michael Wan argues Japanese rates "clearly have to head higher" after a positive Tankan survey, strong capital investment appetite and rising inflation expectations.

• Weaker U.S. labor and manufacturing data reduced hawkish Federal Reserve expectations. • Japanese authorities are utilizing stealth intervention tactics to defend the yen. • Strong Japanese corporate sentiment supports expectations for further Bank of Japan rate hikes.

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