158.089
Today
+0.08%
5 Days
+0.03%
1 Month
+2.43%
6 Months
-0.42%
Year to Date
+0.89%
1 Year
+4.13%
Opening Price
157.930Previous Closing Price
157.972
Under pressure below 158.59, with 157.58 and 157.34 as targets
above 158.59, look for 158.99 and 159.23.
Under pressure below 158.59, with 157.58 and 157.34 as targets
USD/JPY extends its decline on Thursday, trading around 157.85 at the time of writing, down 0.30% on the day. The pair falls to its lowest level in a week, pressured by a stronger Japanese Yen (JPY) and declining US Treasury yields.
Japan's Economy Minister Minoru Kiuchi said on Thursday that the Takaichi administration is not pursuing a reflationary policy, stressing that proactive fiscal measures should not lead to unnecessary public spending.
The US Dollar (USD) trades lower against the Japanese Yen (JPY) on Thursday as US Treasury yields extend their reversal from multi-decade highs after the Federal Reserve (Fed) cooled hopes of back-to-back interest rate hikes.
Lee Hardman at MUFG highlights that the Japanese Yen has benefited from risk-off trading and hawkish Bank of Japan commentary, pushing USD/JPY back below 158.00.
Bank of Japan Board Member Junko Koeda said on Thursday that attention focused on price upside risks from Japanese Yen (JPY) depreciation, robust global AI demand, and the Middle East situation impact.
The USD/JPY pair extends the previous day's rejection slide from the 159.00 neighborhood, or a three-week top, attracting some follow-through selling during the Asian session on Thursday.
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.