155.081
Today
+0.48%
5 Days
+0.49%
1 Month
-2.64%
6 Months
-2.88%
Year to Date
-1.03%
1 Year
+5.08%
Opening Price
154.309Previous Closing Price
154.339
The upside prevails as long as 154.17 is support, with 155.43 and 155.78 as targets
below 154.17, expect 153.59 and 153.25.
The upside prevails as long as 154.17 is support, with 155.43 and 155.78 as targets
Scotiabank strategists Shaun Osborne and Eric Theoret observe USD/JPY trading higher as the Japanese Yen underperforms G10 peers ahead of trade, Consumer Price Index (CPI) and the Bank of Japan (BoJ) decision. A BoJ hike is fully priced, with risks focused on guidance for future moves.
USD/JPY extends its rebound on Tuesday and trades around 155.00 at the time of writing, up 0.41% on the day. The pair continues its recovery from levels below 153.00 reached last week, mainly supported by broad-based strength in the US Dollar (USD).
UOB’s Quek Ser Leang reports USD/JPY reversed earlier downside expectations, dipping to 153.29 before surging to 154.99 and closing at 154.35. The bank now sees scope for a move above 155.00, though 155.50 is likely out of reach near term.
OCBC strategist Christopher Wong notes USD/JPY has rebounded as higher UST yields, a firmer USD and rising Oil offset support from Bank of Japan (BoJ) tightening expectations. He warns against extrapolating gains ahead of Friday’s BoJ meeting, with markets almost fully pricing another hike.
• USD/JPY upside momentum was driven by U.S. dollar rebounds and elevated Treasury yields. • Yen headwinds emerged as markets reassessed the Bank of Japan rate-hiking trajectory. • Technical indicators show mixed signals with the MACD and Williams %R suggesting selling.
The Japanese Yen (JPY) is showing a moderately softer tone against the US Dollar (USD) this week, with all eyes on the monetary policy decisions bu¡y the US Federal Reserve (Fed) and the Bank of Japan (BoJ), due later this week.
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.
