Today
+0.03%
5 Days
+0.11%
1 Month
-0.02%
6 Months
-0.00%
Year to Date
+0.74%
1 Year
+2.43%
Opening Price
157.828Previous Closing Price
157.809
The downside prevails as long as 158.14 is resistance, with 157.55 and 157.43 as targets
above 158.14, look for 158.35 and 158.48.
The downside prevails as long as 158.14 is resistance, with 157.55 and 157.43 as targets
The USD/JPY pair stages a modest recovery from the 157.25 area, or fresh weekly touched during the Asian session on Friday, and climbs to the 158.00 neighborhood in the last hour.
Japanese Prime Minister Sanae Takaichi said on Friday that the government will focus on measures to strengthen the economy by enhancing areas with competitive edge.
The Yen is gaining on a Dollar that is up against the Pound, the Euro, the Kiwi and the Aussie on Thursday. Bank of Japan (BoJ) minutes that read as a case for a December hike did it, with help from a fall in US technology stocks.
The Japanese Yen (JPY) outperforms all its major peers on Thursday as traders seek safety in the currency amid a sharp sell-off in US equities led by technology and chip shares. The US Dollar (USD) also gives up earlier gains and slips back into negative territory, adding pressure on USD/JPY.
The Japanese Yen (JPY ) has given away most of the previous gains on Thursday, as the US Dollar (USD) bounced up from highs with the dust of the midterm elections settling and the strong US macroeconomic data coming to the fore.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe highly volatile USD/JPY trading, with swings between 157.39 and 158.74 before a close at 158.42 as lower US yields supported the Japanese Yen. They see limited directional edge intraday, expecting a 157.70–158.70 range, and maintain a one-to-three-week range-trading view 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.