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 03/09/2021

Fundamental analysis

03 September, 2021

During Asian trading, the Japanese yen continues to trade in a narrow range of oscillations against the dollar. Yesterday, the ADP hinted that the report from the American labor market on Friday could be much worse. In the USA, only 374.000 jobs were added in the private sector, which is much lower than expected. At around 08:30, the US dollar is exchanged for 110 yen, which represents a weakening of the Japanese currency by 0,06% since the beginning of trading last night. At 2:30 p.m. a regular NFP report from the U.S. labor market for August will be released. The unemployment rate is expected to slip from 5.4% to 5.2% and expectations for the number of newly created jobs stand at 750,000.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 03/09/2021
Time Frame: 1 hour

USDJPY Support & Resistance Table - 03/09/2021

Support & Resistance Level Explanation
Resistance 2 110.28 Daily R2
Resistance 1 110.16 Daily R1
Support 1 109.84 Daily S1
Support 2 109.72 Daily S2

USDJPY Indicator Table - 03/09/2021

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

USDJPY Indicator / Period Table - 03/09/2021

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

USDJPY 03/09/2021 - Reference Price : 110.02

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