158.105
Today
+0.01%
5 Days
+0.52%
1 Month
+1.19%
6 Months
-1.00%
Year to Date
+0.88%
1 Year
+5.14%
Opening Price
158.066Previous Closing Price
158.066
Under pressure below 158.43, with 157.41 and 157.17 as targets
above 158.43, look for 158.84 and 159.08.
Under pressure below 158.43, with 157.41 and 157.17 as targets
Rabobank’s Senior FX Strategist Jane Foley reviews the sharp USD/JPY declines in July and September, initially driven by joint Ministry of Finance (MoF)–US Treasury intervention and later without official action. The report notes that the Bank of Japan’s gradual rate hikes are eroding the Japanese Yen’s appeal as a funding currency for carry trades, even though recent price action has reduced urgency around finding alternatives.
DBS Group Research economist Chang Wei Liang notes that the Japanese Yen (JPY) could trade slightly weaker as the government reportedly considers a second supplementary budget, with USD/JPY around mid-158.
MUFG’s Derek Halpenny highlights growing downside risks for the Japanese Yen versus the US Dollar as USD/JPY tests its 200-day moving average near 158.50.
The Japanese Yen (JPY) holds marginal gains against the US Dollar (USD) on Wednesday.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/JPY traded on a firm footing in early Asian trade as upward momentum continued to build.
MUFG’s Michael Wan highlights that USD/JPY is still trading above 158, but Governor Ueda’s comments point to further Bank of Japan (BoJ) policy normalisation. Ueda stressed anchoring inflation around 2% and noted upside risks from imports, AI demand and JPY weakness.
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.
