156.800
Today
+0.03%
5 Days
-0.75%
1 Month
-0.94%
6 Months
-1.78%
Year to Date
+0.06%
1 Year
+2.78%
Opening Price
156.767Previous Closing Price
156.755
The downside prevails as long as 156.95 is resistance, with 156.17 and 155.97 as targets
above 156.95, look for 157.29 and 157.49.
The downside prevails as long as 156.95 is resistance, with 156.17 and 155.97 as targets
The Japanese Yen finished the week on a higher note as the USD/JPY pair registered losses of over 0.74% in the week, while holding firm daily amid a sour market mood. The pair trades at 156.85 as a ‘hammer candle pattern’ forms.
USD/JPY reverses earlier losses on Friday after slipping to a five-week low of 156.08 during Asian trading hours.
The US Dollar (USD) has experienced a sharp setback against the Japanese Yen (JPY), with USD/JPY plunging from the 158.20 area to intraday lows around 156.08 as falling US Treasury yields and a spike in geopolitical risk aversion triggered aggressive safe-haven demand for the Yen.
Brown Brothers Harriman (BBH) strategist Elias Haddad describes the Japanese Yen (JPY) as leading gains and acting as an ultimate refuge currency, supported by hotter Consumer Price Index (CPI) and steady Purchasing Managers' Index (PMI) data that back additional Bank of Japan (BoJ) hikes. However, with inflation still below BoJ projections and limited near-term hike odds, he expects USD/JPY to hold in a defined range unless risk-off intensifies.
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann note a steep USD/JPY selloff as safe-haven demand for Japanese Yen (JPY) surged on geopolitical tensions and falling US Treasury yields.
The USD/JPY pair stages a goodish intraday bounce from the 156.00 neighborhood, or an over one-month low touched earlier this Friday, and sticks to modest gains through the early European session.
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.
