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

EU Session Analysis for CFD Instruments 24/01/2025

Fundamental analysis

24 January, 2025

The US Dollar decreased against the Japanese Yen in Asian trading below 155.40 levels.

The USD/JPY traded lower after the Bank of Japan hiked interest rates by 0.25% to 0.5% early this morning with Bank of Japan Governor Ueda stating that Japan is heading towards its 2% inflation target. In Japan, there is no other major data to be released today. In the US, Manufacturing PMI (49.8 expected) and Services PMI (56.4 exp) will be posted (14:45 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 24/01/2025
Time Frame: 1 hour

USDJPY Support & Resistance Table - 24/01/2025

Support & Resistance Level Explanation
Resistance 2 155.86 Daily R2
Resistance 1 155.47 Daily R1
Support 1 154.42 Daily S1
Support 2 154.03 Daily S2

USDJPY Indicator Table - 24/01/2025

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

USDJPY Indicator / Period Table - 24/01/2025

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

USDJPY 24/01/2025 - Reference Price : 154.95

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