157.279
Today
+0.31%
5 Days
-0.45%
1 Month
+0.02%
6 Months
-1.27%
Year to Date
+0.37%
1 Year
+2.97%
Opening Price
157.003Previous Closing Price
156.800
The trend is slowing down but remains clearly bullish towards 157.63. Pivot threshold set at 156.53
below 156.53, expect 156.25 and 156.08.
The trend is slowing down but remains clearly bullish towards 157.63. Pivot threshold set at 156.53
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that USD/JPY’s sharp fall has generated strong downside momentum.
The Japanese Yen (JPY) trades lower against its major currency peers on Monday. In the European trade, the US Dollar (USD) is up 0.35% at around 157.36 against the Japanese currency.
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Bank of Japan (BoJ) to keep its policy rate at 1.25% while assessing September’s hike before tightening again. Firmer underlying inflation could lead to a more hawkish Outlook Report, with swaps pricing a high probability of a December move to 1.50%. This shift in expectations is seen as supportive for the Japanese Yen (JPY).
The US Dollar (USD) ticks up against the Japanese Yen (JPY) at Monday’s European session open but, so far, remains capped below the bottom of the previous three-week trading range, with markets bidding their time ahead of key central bank decisions in the last half of the week.
MUFG’s Teppei Ino reviews USD/JPY price action over the week, noting the pair opened near 157.79 and briefly climbed as Oil prices and US rates rose on Middle East tensions.
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.