154.884
Today
+0.86%
5 Days
-0.86%
1 Month
-2.89%
6 Months
-3.01%
Year to Date
-1.17%
1 Year
+4.94%
Opening Price
153.388Previous Closing Price
153.547
The upside prevails as long as 153.56 is support, with 154.81 and 155.15 as targets
below 153.56, expect 152.98 and 152.64.
The upside prevails as long as 153.56 is support, with 154.81 and 155.15 as targets
Philip Wee at DBS Group Research highlights a growing policy-regime change advantage for the Japanese Yen (JPY) versus the US Dollar (USD). Following joint US-Japan intervention and expectations of further Bank of Japan (BoJ) tightening, speculators have unwound short JPY positions.
The Japanese Yen (JPY) holds moderate losses against the US Dollar (USD) on Monday, but remains close to seven-month highs, following a 4% rally in the previous two weeks.
OCBC strategist Christopher Wong notes that JPY has extended gains, pushing USD/JPY near recent lows despite firmer Fed hike pricing and higher US front-end yields. Markets are positioned for a 25bp Bank of Japan (BoJ) hike, with speculative positioning now net long JPY.
USD/JPY rebounds after posting modest losses the previous day, trading around 154.60 during European hours on Monday. The pair appreciates as the US Dollar (USD) gains amid rising oil prices and growing Federal Reserve (Fed) rate hike bets.
• USD/JPY rose due to higher U.S. Treasury yields and hawkish Federal Reserve expectations. • Elevated global crude oil prices worsened Japan's trade balance and supported U.S. yields. • Technical indicators show a MACD sell signal and an oversold Williams %R condition.
UOB strategist Quek Ser Leang reports USD/JPY dropped to 153.23 and closed at 153.54, with intraday bias tilted lower but expected to stay within 153.05–154.30.
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.
