Today
-0.10%
5 Days
+0.49%
1 Month
+0.16%
6 Months
-1.78%
Year to Date
+0.52%
1 Year
+3.15%
Opening Price
157.636Previous Closing Price
157.689
The downside prevails as long as 157.90 is resistance, with 157.06 and 156.89 as targets
above 157.90, look for 158.18 and 158.35.
The downside prevails as long as 157.90 is resistance, with 157.06 and 156.89 as targets
USD/JPY holds trades on the back foot heading into the weekend as the Japanese Yen (JPY) outperforms most major currencies following the Bank of Japan’s (BoJ) hawkish hold. However, the pair has recouped some of its earlier losses as the US Dollar (USD) recovers.
The Bank of Japan left its short-term policy rate unchanged at 1.25% but delivered a distinctly hawkish message on the risk of an inflation overshoot.
Societe Generale economists Reo Sakida and Jin Kenzaki note that food inflation continued to ease in October's Tokyo CPI data, while oil-related goods inflation edged higher.
ING’s Chris Turner reports that the Bank of Japan (BoJ) left rates at 1.25% while acknowledging its 2% inflation target has been met and highlighting upside price risks from energy, AI demand and a weak Japanese Yen (JPY).
Brown Brothers Harriman’s Elias Haddad highlights USD/JPY trading heavy near 157.30 after a hawkish hold from the Bank of Japan (BoJ). The BoJ kept rates unchanged but signaled ongoing tightening, upgraded its inflation outlook and sees upside inflation risks.
TD Securities’ Prashant Newnaha argues the Bank of Japan (BoJ) will likely keep raising its target rate roughly every quarter, with the next move expected in December.
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.
