159.732
Today
-0.00%
5 Days
+0.40%
1 Month
+1.37%
6 Months
+1.28%
Year to Date
+1.93%
1 Year
+8.71%
Opening Price
159.724Previous Closing Price
159.724USD/JPY trades a little beneath 160.00 on Monday, down around 0.2% after an early push above the handle was sold back inside the session. The 50-day Exponential Moving Average (EMA) sits directly on 160.00 and has been descending since the late-July intervention, while the 200-day sits on 158.00.
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) is modestly stronger versus the US Dollar (USD), helped by upbeat domestic data including robust retail sales and industrial production.
USD/JPY declines 0.21% on Monday and trades around 159.80 at the time of writing, after briefly moving above the psychological 160.00 level.
Wee Khoon Chong at BNY reports strong Japanese macro data and resilient housing and commerce indicators, supporting the narrative that Japan has exited deflation and Bank of Japan (BoJ) normalization remains in play.
The US Dollar (USD) is down 0.3% to near 159.65 against the Japanese Yen (JPY) during the European trading session on Monday. The USD/JPY pair declines as the Japanese currency outperforms its peers on hopes of support from the United States (US)-Japan joint intervention.
The Japanese Yen (JPY) pares some losses on Monday’s European session, as the US Dollar (USD) pulls back against its main peers, with the dust from the Jackson Hole meeting settling.
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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The downside prevails as long as 160.07 is resistance, with 159.18 and 158.99 as targets
above 160.07, look for 160.39 and 160.58.
The downside prevails as long as 160.07 is resistance, with 159.18 and 158.99 as targets
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