Today
-0.54%
5 Days
-0.04%
1 Month
+0.03%
6 Months
+0.55%
Year to Date
+0.74%
1 Year
+2.37%
Opening Price
158.718Previous Closing Price
158.714
The upside prevails as long as 158.54 is support, with 159.02 and 159.14 as targets
below 158.54, expect 158.33 and 158.20.
The upside prevails as long as 158.54 is support, with 159.02 and 159.14 as targets
The USD/JPY pair attracts some sellers during the Asian session on Wednesday, snapping a two-day winning streak to hit a near three-week top the previous day amid a combination of factors.
USD/JPY edges higher on Tuesday as the Japanese Yen (JPY) underperforms its major peers, while stronger-than-expected US economic data lift the US Dollar (USD). Traders also monitor the US midterm elections and US-Iran headlines, which keep Oil prices volatile.
The Japanese Yen (JPY) is down against its major currency peers, except the Australian Dollar (AUD), on Tuesday. The US Dollar (USD) is up 0.28% to near 158.30 against the Japanese currency.
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/JPY remains stuck in a tight range, with intraday expectations for the Dollar to trade between 157.45 and 158.20. Their 1–3 week outlook keeps USD/JPY confined between 157.00 and 158.60, while the 1–3 month view points to further weakness, though a retest of the January low at 152.08 is uncertain.
The USD/JPY pair struggles to capitalize on the previous day's positive move, consolidating below the 158.00 mark during the Asian session on Tuesday amid mixed fundamental cues.
The Dollar fell against the Euro and the Pound on US-Iran diplomacy but not against the Yen, and USD/JPY reached 158.00, its highest since October 29. It dipped to just above 157.50 when the Dollar's slide elsewhere was at its deepest, then climbed to the high. It's trading just under 158.00.
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.