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

EU Session Analysis for CFD Instruments 12/03/2021

Fundamental analysis

12 March, 2021

The USD/JPY pair increased and reached 108.75 during the Asian session. The pair traded sideways on Thursday in uneventful trading. Japan’s PPI for February rose 0.4%, Month-over-Month, and fell 0.7%, Year-over-Year. In the United States, Initial Jobless Claims for the past week were reported to be 712,000. The consensus forecast was 725,000.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 12/03/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 12/03/2021

Support & Resistance Level Explanation
Resistance 2 109.30 Daily R2
Resistance 1 109.10 Daily R1
Support 1 108.57 Daily S1
Support 2 108.37 Daily S2

USDJPY Indicator Table - 12/03/2021

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

USDJPY Indicator / Period Table - 12/03/2021

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

USDJPY 12/03/2021 - Reference Price : 108.86

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