153.547
Today
-0.56%
5 Days
-1.71%
1 Month
-3.59%
6 Months
-3.40%
Year to Date
-2.01%
1 Year
+4.31%
Opening Price
154.351Previous Closing Price
154.415
The downside prevails as long as 154.09 is resistance, with 152.54 and 152.12 as targets
above 154.09, look for 154.79 and 155.21.
The downside prevails as long as 154.09 is resistance, with 152.54 and 152.12 as targets
ING analysts Chris Turner and Padhraic Garvey argue the Bank of Japan is likely to hike 25bp to 1.25% and then proceed cautiously.
USD/JPY is trading around 153.70 on Friday, down for the day after briefly spiking above 154.50 following the US inflation release.
ING economists Deepali Bhargava and Lynn Song expect the Bank of Japan to raise its policy rate by 25bp to 1.25%, citing persistent price pressures. They project two further 25bp hikes in January and April 2027, taking the rate to 1.75%.
USD/JPY falls 0.54% on Friday and trades around 153.60 at the time of writing.
• USD/JPY retreated as markets anticipated Bank of Japan monetary policy tightening. • Institutional investors reduced long U.S. dollar exposure and unwound yen carry trades. • Technical indicators including MACD and RSI currently suggest sell conditions.
OCBC’s Christopher Wong highlights a rebound in USD/JPY as higher US Treasury yields, stronger US Dollar (USD) and elevated Oil prices support the pair, even as expectations for further BOJ normalisation cap upside.
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.