Today
+0.42%
5 Days
+0.59%
1 Month
+0.26%
6 Months
+1.36%
Year to Date
+1.13%
1 Year
+3.54%
Opening Price
157.828Previous Closing Price
157.809
The upside prevails as long as 158.31 is support, with 158.79 and 158.92 as targets
below 158.31, expect 158.10 and 157.98.
The upside prevails as long as 158.31 is support, with 158.79 and 158.92 as targets
USD/JPY rebounds on Friday, snapping a two-day losing streak as stronger-than-expected US jobs data lifts the US Dollar (USD) and brings its yield advantage over the Japanese Yen (JPY) back into focus. At the time of writing, USD/JPY trades around 158.30 after hitting an intraday low of 157.26.
The Japanese Yen (JPY) has reversed earlier gains with the US Dollar (USD) boosted by higher safe-haven demand amid the risk-averse mood, and with investors bracing for a strong US Nonfarm Payrolls (NFP) report later in Friday.
The USD/JPY pair struggles to capitalize on its intraday bounce from the weekly low, touched earlier this Friday, trading below the 158.00 mark during the early European session. Traders now look to the closely watched US Nonfarm Payrolls (NFP) report for some impetus heading into the weekend.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note a modest pickup in downside momentum in USD/JPY after a volatile session. They expect the pair to trade with a bearish intraday bias toward 157.20, potentially testing major support at 157.00, with resistance at 158.10 and 158.30. Over 1–3 weeks, they still anticipate broad range trading between 157.00 and 159.00.
The USD/JPY pair stages a modest recovery from the 157.25 area, or fresh weekly touched during the Asian session on Friday, and climbs to the 158.00 neighborhood in the last hour.
Japanese Prime Minister Sanae Takaichi said on Friday that the government will focus on measures to strengthen the economy by enhancing areas with competitive edge.
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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