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. 73.43% 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

EU Session Analysis for CFD Instruments 29/08/2022

Fundamental analysis

29 August, 2022

The Yen pair rose sharply in the asian session to 138.76. Japan reported Tokyo CPI Year-on-Year for August at 2.6%. The United States reported the Core PCE Price Index Month-on-Month for July 0.1% vs 0.4% expected. Michigan Consumer Sentiment for August printed 58.2 vs 55.1 expected.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

USDJPY Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 139.65 Daily R2
Resistance 1 139.28 Daily R1
Support 1 138.30 Daily S1
Support 2 137.93 Daily S2

USDJPY Indicator Table - 29/08/2022

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

USDJPY Indicator / Period Table - 29/08/2022

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

USDJPY 29/08/2022 - Reference Price : 138.83

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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