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 28/10/2022

Fundamental analysis

28 October, 2022

The Yen pair was lower in the asian session to 146.16. The Bank of Japan is set to make an Interest Rate Decision later today. Tokyo CPI Year-on-Year for October will also print later today. The United States reported GDP for Q3 at 2.6% vs 2.4% expected. Core Durable Goods Orders Month-on-Month for September printed -0.5% vs 0.2% expected. Initial Jobless Claims printed 217k vs 220k expected. The Core PCE Price Index Month-on-Month for September is set to print later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 28/10/2022
Time Frame: 1 hour

USDJPY Support & Resistance Table - 28/10/2022

Support & Resistance Level Explanation
Resistance 2 148.771 Daily R2
Resistance 1 147.711 Daily R1
Support 1 144.886 Daily S1
Support 2 143.826 Daily S2

USDJPY Indicator Table - 28/10/2022

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

USDJPY Indicator / Period Table - 28/10/2022

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

USDJPY 28/10/2022 - Reference Price : 146.299

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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