158.957USD
Today
+0.04%
5 Days
+0.09%
1 Month
-0.22%
6 Months
+1.91%
Year to Date
+1.44%
1 Year
+11.52%
Opening Price
158.857Previous Closing Price
158.888The 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.
Short positions below 159.10 with targets at 158.75 & 158.60 in extension.
above 159.10 look for further upside with 159.25 & 159.40 as targets.
short positions below 159.10 with targets at 158.75 & 158.60 in extension.
USD/JPY edges lower during the North American session, sponsored by geopolitical headlines, which weighed on the US Dollar. In the meantime, fears of a possible intervention of Japanese authorities in the FX markets underpinned the Japanese Yen. The pair trades at 158.91, down 0.19%.
USD/JPY consolidates on Monday after opening the week with a bearish gap as the US Dollar (USD) comes under pressure amid growing optimism that the United States (US) and Iran are moving closer toward a deal that could eventually reopen the Strait of Hormuz.
UOB’s Quek Ser Leang and Lee Sue Ann note USD/JPY pulled back sharply after closing at 159.19, with scope to test 158.70 while a sustained drop below that level and 158.40 strong support is seen as unlikely.
HSBC analysts argue that foreign exchange intervention alone is unlikely to keep the USD/JPY pair sustainably below 160. They stress that effectiveness increases when intervention coincides with Bank of Japan (BoJ) rate hikes and lower Oil prices.
The USD/JPY pair attracts some dip-buyers following a bearish gap opening on Monday and reclaims the 159.00 mark during the early part of the European session.
MUFG’s Teppei Ino reviews recent USD/JPY performance, noting that the pair opened at 156.86 and rose toward 158.50 as the Dollar strengthened on difficult US-Iran negotiations, higher crude oil prices and renewed inflation concerns.
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