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 02/12/2024

Fundamental analysis

02 December, 2024

The US Dollar fell against the Japanese Yen in European trading just above 150.00 levels.
The pair traded lower and the Yen has started to recover from its weekly losses following new inflation data from Japan which make an interest rate hike by the BoJ more likely. In Japan, there are no major data releases today. In the United States, Manufacturing PMI for November (48.8 exp) will be released (15:00 GMT) and ISM Manufacturing PMI for November (47.5 exp) will be posted (15:00 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 02/12/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 02/12/2024

Support & Resistance Level Explanation
Resistance 2 151.25 Daily R2
Resistance 1 150.78 Daily R1
Support 1 149.50 Daily S1
Support 2 149.03 Daily S2

USDJPY Indicator Table - 02/12/2024

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

USDJPY Indicator / Period Table - 02/12/2024

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

USDJPY 02/12/2024 - Reference Price : 150.14

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