Today
-0.00%
5 Days
-0.14%
1 Month
+0.42%
6 Months
-0.92%
Year to Date
+0.78%
1 Year
+3.30%
Opening Price
157.874Previous Closing Price
157.929
The upside prevails as long as 157.94 is support, with 158.58 and 158.74 as targets
below 157.94, expect 157.66 and 157.49.
The upside prevails as long as 157.94 is support, with 158.58 and 158.74 as targets
The Japanese Yen lost ground against the US Dollar after the Federal Reserve kept rates steady, even though US inflation remains well above its 2% target. Of note, the decision was not unanimous, with two dissenters in favour of a quarter-percentage-point rate hike.
Rabobank’s Senior FX Strategist Jane Foley discusses whether the Japanese Yen (JPY) has regained safe haven characteristics after strong performance versus G10 peers.
UOB’s Quek Ser Leang and Lee Sue Ann observe USD/JPY broke above the prior 157.80 strong resistance, reaching 157.97, with negative divergence signalling slowing upside momentum and no imminent pullback. Intraday, they expect consolidation between 157.55 and 158.05.
The Japanese Yen (JPY) continues to underperform against the US Dollar (USD) as the latter strengthens amid caution ahead of the Federal Reserve’s (Fed) monetary policy at 18:00 GMT.
USD/JPY continues its winning streak for the fourth consecutive day, trading around 158.00 during Asian hours on Wednesday. The pair appreciates as the Japanese Yen (JPY) faces challenges amid rising crude oil prices, which place renewed cost pressures on major energy-importing economies.
USD/JPY edges higher on Tuesday as last week’s AI-related worries subside, reducing the Japanese Yen’s (JPY) safe-haven appeal and helping the US Dollar (USD) resume its uptrend ahead of the Federal Reserve’s (Fed) monetary policy decision on Wednesday.
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.
