159.589USD
Today
+0.16%
5 Days
+1.31%
1 Month
+4.49%
6 Months
+8.13%
Year to Date
+1.84%
1 Year
+7.66%
Opening Price
159.327Previous Closing Price
159.339The 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.
The penetration of 50 on the RSI should trigger further losses.
below 158.88, expect 158.25 and 157.88.
look for a drop towards 158.88 before a bounce
USD/JPY trades around 159.50 on Friday at the time of writing, up 0.10% on the day. The pair remains close to recent highs, supported by the continued strength of the US Dollar (USD) and a still-wide interest rate differential between the United States (US) and Japan.
Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan to keep its policy rate at 0.75% on 19 March, with a cautious stance due to uneven Japanese growth and higher Oil prices.
ING’s Chris Turner argues USD/JPY is now firmly in intervention territory, with markets watching whether any action involves only Japanese authorities or a fully joint move with the Federal Reserve.
BNY’s Head of Markets Macro Strategy Bob Savage highlights that Japanese authorities are stepping up FX warnings as USD/JPY trades just below 160.
TradingKey - In traditional FX logic, rising interest rates typically enhance a currency's attractiveness. However, the Yen's price action has shown a clear divergence. Despite mounting market expectations for a rate hike in Japan, the Yen continues to weaken, with USD/JPY once again approaching the 160 level.
MUFG’s Head of Research Derek Halpenny notes the US Dollar has broken above the 100 level on DXY and pushed USD/JPY to fresh year-to-date highs, with Oil stabilizing near USD 100.
