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. 70.41% 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 31/05/2024

Fundamental analysis

31 May, 2024

The US Dollar was marginally lower against the Japanese Yen in Asian trading, trading below 157.000 levels.

Japan is not expected to release any major economic data today. Core PCE Price Index data is anticipated for release in the United States.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 31/05/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 31/05/2024

Support & Resistance Level Explanation
Resistance 2 157.16 Daily R2
Resistance 1 156.99 Daily R1
Support 1 156.55 Daily S1
Support 2 156.37 Daily S2

USDJPY Indicator Table - 31/05/2024

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

USDJPY Indicator / Period Table - 31/05/2024

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

USDJPY 31/05/2024 - Reference Price : 156.80

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