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 02/10/2024

Fundamental analysis

02 October, 2024

The US Dollar declined against the Japanese Yen in Asian trading, below 144.00 levels.

The pair edged lower, with the Japanese Yen appearing to stabilise following the surprise Japanese election result at the end of last week. In Japan, no major data is due to be published today. In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 02/10/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 02/10/2024

Support & Resistance Level Explanation
Resistance 2 145.21 Daily R2
Resistance 1 144.53 Daily R1
Support 1 142.72 Daily S1
Support 2 142.04 Daily S2

USDJPY Indicator Table - 02/10/2024

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

USDJPY Indicator / Period Table - 02/10/2024

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

USDJPY 02/10/2024 - Reference Price : 143.63

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