156.045
Today
+0.14%
5 Days
-2.11%
1 Month
-0.73%
6 Months
-1.07%
Year to Date
-0.44%
1 Year
+5.36%
Opening Price
155.801Previous Closing Price
155.787The USD/JPY pair enters a bearish consolidation phase during the Asian session on Friday and currently trades near the 155.75 region, nearly unchanged for the day.
The Yen has produced in two sessions what the largest intervention on record could not, and it did so without a single reported purchase.
BNY’s Geoff Yu highlights strong Japanese Yen flows and a declining USD/JPY as markets hesitate to challenge Japanese and U.S. authorities. He argues that heavy post-intervention selling has largely run its course and that around 160 in USD/JPY now acts as a practical intervention ceiling.
Societe Generale strategists highlight heavy USD/JPY turnover as the pair slid below its 200-day moving average, with leveraged accounts forced to cover shorts.
USD/JPY extends its decline for a second consecutive day and trades around 155.40 on Thursday at the time of writing, down 2.07% on the day.
MUFG’s Derek Halpenny highlights renewed Japanese Yen strength as markets price in more Bank of Japan hikes following recent comments from Takata and Ueda.
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.
The configuration is mixed.
below 155.73, expect 155.41 and 155.23.
Rebound towards 156.72
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