157.810
Today
-0.15%
5 Days
+0.35%
1 Month
-0.55%
6 Months
-1.08%
Year to Date
+0.71%
1 Year
+7.20%
Opening Price
158.101Previous Closing Price
158.052
The downside prevails as long as 158.27 is resistance, with 156.93 and 156.67 as targets
above 158.27, look for 158.71 and 158.97.
The downside prevails as long as 158.27 is resistance, with 156.93 and 156.67 as targets
USD/JPY trades around 157.65 on Friday at the time of writing, down 0.28% on the day. The pair briefly dropped to 156.95 following the release of the United States (US) employment report before erasing the entire move and returning to pre-release levels.
• USD/JPY pulled back due to U.S. dollar position adjustments and falling yields. • Japanese inflation pressures and normalization expectations provide a fundamental floor for yen. • Intervention risks from Japanese officials continue to cap upside movement for USD/JPY.
The Japanese Yen (JPY) trades higher against the US Dollar (USD) ahead of the United States (US) Nonfarm Payrolls (NFP) data for September, which will be published at 12:30 GMT.
Commerzbank’s Michael Pfister and Volkmar Baur highlight that the Japanese Yen is struggling as a safe haven despite risk-off conditions. Rising Japanese debt concerns and the Bank of Japan’s (BoJ) rate hikes are seen eroding its traditional crisis appeal.
USD/JPY declines after two days of gains, trading around 157.90 during Asian hours on Friday. The Japanese Yen (JPY) gained momentum following stronger-than-expected inflation data from Tokyo, putting downward pressure on the pair.
The USD/JPY pair edges lower during the Asian session on Friday, currently trading below the 158.00 mark, though it remains near the weekly high touched the previous day.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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