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Dollar - Japanese Yen Analysis Analysis

US Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The USD/JPY pair fell again today, emblematic of the market’s approval of the choice of Japan’s new Prime Minister Suga, and the continuation of Abenomics. The Japanese Yen is stronger today trading at 105.206. Japan’s Trade Balance for August improved to 258.3 billion yen, beating the forecast of 37.5 billion yen the other way. Exports also beat their forecast falling only 14.8%, Year-over-Year. Analysts had expected them to drop 16.1%.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

USDJPY Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 105.38 Daily R2
Resistance 1 105.25 Daily R1
Support 1 104.90 Daily S1
Support 2 104.78 Daily S2

USDJPY Indicator Table - 16/09/2020

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 - 16/09/2020

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell BuySell

USDJPY 16/09/2020 - Reference Price : 105.07

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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