159.929USD
Today
+0.02%
5 Days
+0.41%
1 Month
+1.87%
6 Months
+2.65%
Year to Date
+2.06%
1 Year
+12.11%
Opening Price
159.872Previous Closing Price
159.894The 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.
Long positions above 159.75 with targets at 160.00 & 160.15 in extension.
below 159.75 look for further downside with 159.55 & 159.40 as targets.
long positions above 159.75 with targets at 160.00 & 160.15 in extension.
The USD/JPY pair enters a bullish consolidation phase on Wednesday, oscillating in a narrow range just below the 160.00 psychological mark, or a one-month high touched during the Asian session.
The USD/JPY pair touches a fresh one-month high during the Asian session on Wednesday, though it struggles to build on the momentum beyond the 160.00 psychological mark. The fundamental backdrop, however, favors bulls and suggests that the path of least resistance for spot prices is to the upside.
USD/JPY ticks higher on Tuesday, moving toward the 160.00 mark once again and raising the risk of another intervention by Japanese authorities. At the time of writing, the pair trades around 159.80.
ING’s Francesco Pesole warns that USD/JPY short-dated implied volatility is not reflecting renewed intervention risk as the pair retests 160.0. Markets seem to expect the Bank of Japan’s June meeting to help cap the pair.
BNY’s Bob Savage highlights a strong JGB auction and falling yields as markets price a 76% chance of a Bank of Japan (BoJ) rate hike this month. Despite this, USD/JPY remains near 160 for a fourth day, with Japanese officials issuing repeated intervention warnings.
DBS Group Research’s Philip Wee highlights that USD/JPY is again trading near 160, keeping markets wary of potential Japanese authorities’ intervention and a possible 25 bps rate hike by the Bank of Japan (BoJ) to 1% at its June meeting.
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