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 17/12/2024

Fundamental analysis

17 December, 2024

The US Dollar climbed slightly against the Japanese Yen in Asian trading above 154.00 levels.

The USD/JPY struggled to rise despite a softer greenback in the Asian session, as expectations continued that the Bank of Japan will keep rates unchanged on Thursday. In Japan, Trade Balance data for November (-688.9 bln expected) will be posted (23:50 GMT)). In the US, Retail Sales for November (0.5% expected) and Industrial Production PMI data for November (0.1% exp) will be released at 13:30 GMT and 14:15 respectively.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 17/12/2024
Time Frame: 1 hour

USDJPY Support & Resistance Table - 17/12/2024

Support & Resistance Level Explanation
Resistance 2 154.99 Daily R2
Resistance 1 154.60 Daily R1
Support 1 153.56 Daily S1
Support 2 153.17 Daily S2

USDJPY Indicator Table - 17/12/2024

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

USDJPY Indicator / Period Table - 17/12/2024

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

USDJPY 17/12/2024 - Reference Price : 154.08

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