CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 19/01/2023

Fundamental analysis

19 January, 2023

The USD/JPY pair moved lower today. It is currently trading at 128.46. Last night BoJ decided not to make any changes in current monetary policy. There were no major economic releases today in Japan. The US dollar remains under pressure after yesterdays worse than expected economic results. Both retail sales and PPI data also were disappointing. Today's reports showed that initial jobless claims last week fell from 205K to 190K and the Philadelphia Fed manufacturing Index in January improved from -13.7 to -8.9.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 19/01/2023
Time Frame: 1 hour

USDJPY Support & Resistance Table - 19/01/2023

Support & Resistance Level Explanation
Resistance 2 130.28 Daily R2
Resistance 1 129.57 Daily R1
Support 1 127.67 Daily S1
Support 2 126.96 Daily S2

USDJPY Indicator Table - 19/01/2023

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

USDJPY Indicator / Period Table - 19/01/2023

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

USDJPY 19/01/2023 - Reference Price : 128.58

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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