158.319
Today
+0.58%
5 Days
+0.00%
1 Month
-0.89%
6 Months
-0.26%
Year to Date
+1.02%
1 Year
+7.04%
Opening Price
157.367Previous Closing Price
157.387
The upside prevails as long as 157.48 is support, with 158.51 and 158.78 as targets
below 157.48, expect 157.04 and 156.78.
The upside prevails as long as 157.48 is support, with 158.51 and 158.78 as targets
The USD/JPY pair builds on the previous day's bounce from the 156.40-156.35 region, or a one-and-a-half-week low, and gains strong follow-through traction during the Asian session on Thursday.
• Strong U.S. economic data and higher Treasury yields drove USDJPY upside. • Gradual Bank of Japan rate hikes failed to bridge yield differentials. • Technical indicators show neutral signals alongside an overbought Williams %R.
The Bank of Japan (BoJ) published the Summary of Opinions from the September monetary policy meeting, with the key findings noted below.
Softer US inflation pulled October Fed hike odds down to near 35%, and USD/JPY fell below 156.50 on the release. It finished back just under 157.50, its fourth straight close on the 157.00 handle. The Yen got the US number it needed and USD/JPY still closed a touch above where it opened.
Japan’s Tankan Large Manufacturing Index rose to 24 in the third quarter (Q3) from 22 in the previous reading, weaker than the market expectation of 25.
The USD/JPY registers modest gains of 0.08% on Wednesday after US inflation data trimmed market bets on a Federal Reserve rate hike at the October 28 meeting. At the time of writing, the pair trades at 157.42.
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.
