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.
Dollar - Japanese Yen Analysis Analysis
EU Session Analysis for CFD Instruments 03/09/2021
Technical analysis
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 - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Sell | Buy | Buy |
USDJPY 03/09/2021 - Reference Price : 110.02
Buy |
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