Today
+0.04%
5 Days
+0.03%
1 Month
-0.20%
6 Months
+0.83%
Year to Date
+0.80%
1 Year
+3.02%
Opening Price
157.903Previous Closing Price
157.892
The downside prevails as long as 158.11 is resistance, with 157.38 and 157.23 as targets
above 158.11, look for 158.35 and 158.50.
The downside prevails as long as 158.11 is resistance, with 157.38 and 157.23 as targets
The USD/JPY pair posts modest gains near 157.95 during the early European trading hours on Tuesday. A hawkish stance from the Bank of Japan (BoJ) might cap the upside for the pair. Traders remain on high alert for currency intervention from Japanese authorities.
The USD/JPY pair attracts some dip-buyers during the Asian session on Tuesday, climbing back above the 158.00 mark and reversing a part of the previous day's losses.
USD/JPY starts the week on the back foot as broad-based weakness in the US Dollar (USD) lends support to the Japanese Yen (JPY). At the time of writing, the pair trades around 157.91, down 0.36% on the day.
Rabobank's RaboResearch Global Economics & Markets’ FX Strategy team discusses the Japanese Yen’s (JPY) recent outperformance and potential medium-term improvement.
Societe Generale reports USD/JPY traded in a 157.97–158.53 range overnight, with consolidation intact below the 158.68 200-day moving average (dma) and implied volatility steady. The pair is framed by support at 156.96 and resistance at 159.04.
USD/JPY depreciates after posting modest gains the previous day, trading around 158.00 during European hours on Monday.
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.