Today
-0.15%
5 Days
+0.44%
1 Month
+0.25%
6 Months
+1.00%
Year to Date
+0.98%
1 Year
+3.20%
Opening Price
158.254Previous Closing Price
158.479
Under pressure below 158.57, with 157.88 and 157.73 as targets
above 158.57, look for 158.81 and 158.96.
Under pressure below 158.57, with 157.88 and 157.73 as targets
The USD/JPY pair loses ground to near 158.25 during the early Asian session on Monday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) as Bank of Japan (BOJ) meeting minutes indicate policymakers are prepared to accelerate monetary tightening.
USD/JPY rebounds on Friday, snapping a two-day losing streak as stronger-than-expected US jobs data lifts the US Dollar (USD) and brings its yield advantage over the Japanese Yen (JPY) back into focus. At the time of writing, USD/JPY trades around 158.30 after hitting an intraday low of 157.26.
The Japanese Yen (JPY) has reversed earlier gains with the US Dollar (USD) boosted by higher safe-haven demand amid the risk-averse mood, and with investors bracing for a strong US Nonfarm Payrolls (NFP) report later in Friday.
The USD/JPY pair struggles to capitalize on its intraday bounce from the weekly low, touched earlier this Friday, trading below the 158.00 mark during the early European session. Traders now look to the closely watched US Nonfarm Payrolls (NFP) report for some impetus heading into the weekend.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note a modest pickup in downside momentum in USD/JPY after a volatile session. They expect the pair to trade with a bearish intraday bias toward 157.20, potentially testing major support at 157.00, with resistance at 158.10 and 158.30. Over 1–3 weeks, they still anticipate broad range trading between 157.00 and 159.00.
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.
