CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Japanese Yen Analysis Analysis

EU Session Analysis for CFD Instruments 06/02/2023

Fundamental analysis

06 February, 2023

The Yen pair climbed in the Asian session to 131.76. Japanese Services PMI printed 52.3. The United States reported Initial Jobless Claims at 183k vs 200k expected. Non-farm Payrolls for January will print later today. The Unemployment Rate for January is also set to be reported. ISM Non-Manufacturing PMI for January will be reported later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 06/02/2023
Time Frame: 1 hour

USDJPY Support & Resistance Table - 06/02/2023

Support & Resistance Level Explanation
Resistance 2 132.96 Daily R2
Resistance 1 132.48 Daily R1
Support 1 131.20 Daily S1
Support 2 130.72 Daily S2

USDJPY Indicator Table - 06/02/2023

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

USDJPY Indicator / Period Table - 06/02/2023

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

USDJPY 06/02/2023 - Reference Price : 131.82

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