157.309
Today
+0.04%
5 Days
+0.29%
1 Month
-1.30%
6 Months
-1.83%
Year to Date
+0.39%
1 Year
+5.30%
Opening Price
157.213Previous Closing Price
157.255
The downside prevails as long as 157.58 is resistance, with 156.00 and 155.74 as targets
above 157.58, look for 158.01 and 158.27.
The downside prevails as long as 157.58 is resistance, with 156.00 and 155.74 as targets
USD/JPY trades little changed around 157.25 on Monday as the US Dollar (USD) also holds steady near recent highs, with traders weighing Middle East developments and the risk of Japanese intervention.
BBH’s Elias Haddad highlights that the Dollar is broadly firmer, but intervention warnings from Japanese officials are supporting the Japanese Yen.
USD/JPY extends its losses for the second consecutive day, trading around 156.90 during the European hours on Monday. The currency pair is moving forward within a symmetrical triangle, which indicates a period of market consolidation, where neither buyers nor sellers are in control.
Rabobank’s RaboResearch Global Economics & Markets team flags potential historic tightening by the Bank of Japan (BOJ). Former BOJ director Momma sees another 25 basis point hike as a real possibility, which would be the first back-to-back move in decades.
The Japanese Yen (JPY) is trimming gains from Friday’s rebound against the US Dollar (USD) on Monday.
MUFG’s Teppei Ino reviews USD/JPY price action over Japan’s extended holiday week. The pair opened near 157 and traded in a broad 156–159 range as Dollar strength persisted and expectations of a possible earlier Federal Reserve rate hike supported gains.
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.