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 24/03/2023

Fundamental analysis

24 March, 2023

The USD/JPY pair moved lower today. It is currently trading at 129.90. Japanese Services PMI were reported at 54.2. National Core CPI Year-on-Year for February printed 3.1% as expected. The United States will print Core Durable Goods Orders Month-on-Month for February later today. Services and Manufacturing PMI will also be reported.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 24/03/2023
Time Frame: 1 hour

USDJPY Support & Resistance Table - 24/03/2023

Support & Resistance Level Explanation
Resistance 2 131.33 Daily R2
Resistance 1 130.78 Daily R1
Support 1 129.34 Daily S1
Support 2 128.79 Daily S2

USDJPY Indicator Table - 24/03/2023

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 - 24/03/2023

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

USDJPY 24/03/2023 - Reference Price : 130.09

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