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. 70.41% 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 10/05/2021

Fundamental analysis

10 May, 2021

The USD/JPY pair increased, trading around 108.86 during the Asian session. The pair tumbled on Friday as traders dumped the US Dollar. Japan’s Services PMI for April printed at 49.5, above March’s figure of 48.3. In the United States, the Nonfarm Payroll missed their estimates by a large amount, printing at 266,000 new jobs for April. The consensus forecast called for 978,000 new jobs. The Unemployment Rate for April increased to 6.1%. Analysts had forecast a drop to 5.8%.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 10/05/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 10/05/2021

Support & Resistance Level Explanation
Resistance 2 109.21 Daily R2
Resistance 1 109.03 Daily R1
Support 1 108.56 Daily S1
Support 2 108.38 Daily S2

USDJPY Indicator Table - 10/05/2021

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

USDJPY Indicator / Period Table - 10/05/2021

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

USDJPY 10/05/2021 - Reference Price : 108.83

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