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. 70.91% 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

US Session Analysis for CFD Instruments 16/09/2021

Fundamental analysis

16 September, 2021

The USD/JPY pair moved sideways in choppy trading on Thursday. It is 109.323 at midday in Europe. Japan’s Exports for August rose 26.2%, Year-over-Year, well below the 34.0% that had been forecast. Its Imports for August increased 44.7%, Year-over-Year, higher than analysts expected. Taken together Japan’s Trade Balance for August came in at -635.4 billion yen, much worse than the consensus forecast of -47.7 billion yen. The United States will report Initial Jobless Claims for the past week and the Philadelphia Fed Manufacturing Index for September later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 16/09/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 16/09/2021

Support & Resistance Level Explanation
Resistance 2 109.67 Daily R2
Resistance 1 109.52 Daily R1
Support 1 109.13 Daily S1
Support 2 108.98 Daily S2

USDJPY Indicator Table - 16/09/2021

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

USDJPY Indicator / Period Table - 16/09/2021

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

USDJPY 16/09/2021 - Reference Price : 109.40

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Japanese Yen Chart
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