CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.41% 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

US Session Analysis for CFD Instruments 08/03/2021

Fundamental analysis

08 March, 2021

The USD/JPY pair inched higher on Monday. It now sits at 108.532. Japan’s Current Account for January came in worse than expected at 0.647 trillion yen. The consensus forecast was 1.230 trillion yen. Japan's Coincident Indicator for January rose 3.5%, Month-over-Month. Its Leading Index for January climbed 1.4%, Month-over-Month. The United States will report the Conference Board Employment Trends Index for February and Wholesale Trade Sales for January later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 08/03/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 08/03/2021

Support & Resistance Level Explanation
Resistance 2 108.99 Daily R2
Resistance 1 108.80 Daily R1
Support 1 108.30 Daily S1
Support 2 108.11 Daily S2

USDJPY Indicator Table - 08/03/2021

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

USDJPY Indicator / Period Table - 08/03/2021

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

USDJPY 08/03/2021 - Reference Price : 108.60

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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