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 24/10/2024

Fundamental analysis

24 October, 2024

The US Dollar fell against the Japanese Yen in European trading above 152.00 levels.

The pair traded sharply lower in the European session after the greenback pulled back from yesterday’s fresh more than two month peak. In Japan Services PMI data was 49.3 vs 49.9 expected. In the United States, Initial Jobless Claims figures (243k exp) will be revealed (13:30 GMT+1), Global Manufacturing and Services PMI data for October (47.5 and 55.0 respectively expected) will be posted (14:45 GMT+1) and New Homes Sales for September data will be released (15:00 GMT+1).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 24/10/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 24/10/2024

Support & Resistance Level Explanation
Resistance 2 152.78 Daily R2
Resistance 1 152.39 Daily R1
Support 1 151.37 Daily S1
Support 2 150.98 Daily S2

USDJPY Indicator Table - 24/10/2024

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

USDJPY Indicator / Period Table - 24/10/2024

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

USDJPY 24/10/2024 - Reference Price : 151.85

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