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 20/05/2021

Fundamental analysis

20 May, 2021

The USD/JPY pair was edged lower, trading around 109.15 during the Asian session. The pair traded higher yesterday in a volatile trading day.. No important Japanese data was released yesterday but the currency was receiving some safe haven bids as investors sought a refuge from multiple instruments in the red. Later in the session Federal Reserve meeting minutes showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 20/05/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 20/05/2021

Support & Resistance Level Explanation
Resistance 2 109.48 Daily R2
Resistance 1 109.33 Daily R1
Support 1 108.93 Daily S1
Support 2 108.78 Daily S2

USDJPY Indicator Table - 20/05/2021

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

USDJPY Indicator / Period Table - 20/05/2021

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

USDJPY 20/05/2021 - Reference Price : 109.12

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