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 02/01/2025

Fundamental analysis

02 January, 2025

The US Dollar was lower against the Japanese Yen in Asian trading below 157.00 levels.

The USD/JPY pulled back but still recorded more than 11% increase over the course of the last year. The BoJ signaled that it will take its time to consider more interest rate hikes after the central bank held interest rates steady at 0.25% at this month's meeting. In the US, Initial jobless claims will be released (13:30 GMT) as well as Manufacturing PMI for December (14:45 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 02/01/2025
Time Frame: 1 hour

USDJPY Support & Resistance Table - 02/01/2025

Support & Resistance Level Explanation
Resistance 2 157.60 Daily R2
Resistance 1 157.23 Daily R1
Support 1 156.23 Daily S1
Support 2 155.86 Daily S2

USDJPY Indicator Table - 02/01/2025

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

USDJPY Indicator / Period Table - 02/01/2025

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

USDJPY 02/01/2025 - Reference Price : 156.70

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