CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 23/12/2024

Fundamental analysis

23 December, 2024

The US Dollar edged higher against the Japanese Yen in European trading above 156.00 levels.

The pair traded in a tight band for the last couple of days, despite two interest rate decisions from the Bank of Japan and the FED last week, which might have sent the pair in a downward trend. In Japan, BoJ Monetary Policy Meeting Minutes will be published (23:50 GMT). In the US, CB Consumer Confidence for December (113% exp) will be released (15:00 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 23/12/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 23/12/2024

Support & Resistance Level Explanation
Resistance 2 158.08 Daily R2
Resistance 1 157.53 Daily R1
Support 1 156.05 Daily S1
Support 2 155.50 Daily S2

USDJPY Indicator Table - 23/12/2024

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

USDJPY Indicator / Period Table - 23/12/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USDJPY 23/12/2024 - Reference Price : 156.79

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