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 04/12/2024

Fundamental analysis

04 December, 2024

The US Dollar rose against the Japanese Yen in European trading just above 150.00 levels.
The currency pair has experienced a turbulent couple of days with the crisis in South Korea acting as a catalyst - as the crisis began demand for the Yen rose, and as it subsided the dollar recovered its strength. In Japan, Bank Services PMI data for November (50.2 exp) will be posted (00:30 GMT). In the United States, ADP Nonfarm Employment Change for November (166k exp) will be released (13:15 GMT), Global Services PMI data for November (57.0 exp) will be posted (14:45 GMT), ISM Non-Manufacturing PMI for November (55.5 exp) will be released. Fed Chair Powell will speak (18:45 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 04/12/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 04/12/2024

Support & Resistance Level Explanation
Resistance 2 152.05 Daily R2
Resistance 1 151.53 Daily R1
Support 1 150.17 Daily S1
Support 2 149.65 Daily S2

USDJPY Indicator Table - 04/12/2024

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

USDJPY Indicator / Period Table - 04/12/2024

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

USDJPY 04/12/2024 - Reference Price : 150.89

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