153.542
Today
-0.26%
5 Days
-4.13%
1 Month
-2.68%
6 Months
-2.67%
Year to Date
-2.01%
1 Year
+4.14%
Opening Price
153.946Previous Closing Price
153.949MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened, driving USD/JPY back towards 153.00, as comments from US Treasury Secretary Scott Bessent reinforce expectations of policy changes in Japan.
Rabobank's Senior FX Strategist Jane Foley says speculation over a structural shift in Japanese Yen (JPY) valuation is challenging traditional carry trade assumptions and Japanese investors’ appetite for foreign assets.
The Japanese Yen (JPY) trades firmly against its major currency peers this week. The USD/JPY pair is down 0.63% in the European trading session on Wednesday and 1.85% so far this week at around 153.00.
MUFG’s Michael Wan highlights ongoing strength in the Japanese Yen, with recent USD/JPY volatility seeing the pair drop toward 152.88 before stabilizing near 153.26.
• USDJPY declined due to BOJ tightening expectations and carry trade unwinding. • Breaching key support at 155.00 triggered stop-loss orders and long liquidation. • Narrowing yield differentials and safe-haven flows further pressured the greenback.
The USD/JPY pair loses momentum to around 153.55 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as Bank of Japan (BoJ) policymakers opened the door for a rate hike in September.
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 downside prevails as long as 153.91 is resistance, with 152.27 and 151.85 as targets
above 153.91, look for 154.61 and 155.02.
The downside prevails as long as 153.91 is resistance, with 152.27 and 151.85 as targets
Popular Instruments
