158.164
Today
+0.02%
5 Days
-0.08%
1 Month
+0.84%
6 Months
-0.38%
Year to Date
+0.94%
1 Year
+4.94%
Opening Price
158.121Previous Closing Price
158.149
The downside prevails as long as 158.51 is resistance, with 157.75 and 157.54 as targets
above 158.51, look for 158.85 and 159.05.
The downside prevails as long as 158.51 is resistance, with 157.75 and 157.54 as targets
USD/JPY gains ground after registering modest losses in the previous day, trading around 158.30 during Asian hours on Wednesday. The Japanese Yen (JPY) faces mounting challenges after the latest release of Japan's Ministry of Finance merchandise Trade Balance report.
Japanese Finance Minister (FM) Satsuki Katayama said on Wednesday that the government is coordinating closely with the Bank of Japan (BoJ) and there is no major divergence on inflation outlook and policy.
Cheaper Crude Oil and a weaker Dollar elsewhere did little for the Yen on Tuesday, and USD/JPY ended about where it has ended most of October. It fell from about 158.50 to the session low and recovered about half of that drop.
A Reuters poll revealed that a majority of economists expect the Bank of Japan to raise rates at its December meeting, marking the third increase since June.
United Overseas Bank’s (UOB) Quek Ser Leang highlights USD/JPY at 158.50, with the Japanese Yen still the weakest G10 currency as carry trades persist. Intraday, the Dollar is expected to edge higher toward 158.80, while the key resistance at 159.05 should stay out of reach. Over 1–3 weeks, UOB maintains a range-trading view between 157.50 and 159.05, despite longer-term downside risks.
The US Dollar (USD) posts moderate losses against the Japanese Yen (JPY) on Tuesday after being capped again at the 200-day Simple Moving Average (SMA) at 158.57.
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.