CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 07/10/2024

Fundamental analysis

07 October, 2024

The US Dollar edged lower against the Japanese Yen in European trading above 148.00 levels.

The pair was lower in the European session after hitting a six week peak on Friday. In Japan, no major data is due to be published today. In the United States, Nonfarm Payrolls data (148k expected) and Unemployment Rate (4.2% exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 07/10/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 07/10/2024

Support & Resistance Level Explanation
Resistance 2 150.05 Daily R2
Resistance 1 149.38 Daily R1
Support 1 147.58 Daily S1
Support 2 146.91 Daily S2

USDJPY Indicator Table - 07/10/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Neutral
Stochastic ( 9;6;3) Buy

USDJPY Indicator / Period Table - 07/10/2024

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Neutral NeutralNeutral
SMA 20 Buy BuySell

USDJPY 07/10/2024 - Reference Price : 148.55

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Japanese Yen Chart
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