CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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

EU Session Analysis for CFD Instruments 16/10/2024

Fundamental analysis

16 October, 2024

The US Dollar edged upwards against the Japanese Yen in Asian trading, above 149.00 levels.

The pair is moving in a narrow band during the Asian session on Wednesday and for now, seems to have stalled its recovery move from the highest level since early August touched yesterday. In Japan, Bank of Japan Member Adachi will speak (02:30 GMT+1). In the United States, Export and Import Price Index data for September will be posted (13:30 GMT+1).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 16/10/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 16/10/2024

Support & Resistance Level Explanation
Resistance 2 149.99 Daily R2
Resistance 1 149.67 Daily R1
Support 1 148.82 Daily S1
Support 2 148.50 Daily S2

USDJPY Indicator Table - 16/10/2024

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 - 16/10/2024

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

USDJPY 16/10/2024 - Reference Price : 149.29

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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