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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 23/01/2025

Fundamental analysis

23 January, 2025

The US Dollar increased against the Japanese Yen in Asian trading above 156.50 levels.

The USD/JPY climbed to a more than one week high in the Asian session amid growing expectations that the Bank of Japan will hike interest rates on Friday. In Japan, National Core CPI data for December (3.0% exp) will be released (23:30 GMT). In the US, Initial Jobless Claims data (221k expected) will be posted (13:30 GMT) and President Trump will hold an online speech at the World Economic Forum (16:00 GMT).

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 23/01/2025
Time Frame: 1 hour

USDJPY Support & Resistance Table - 23/01/2025

Support & Resistance Level Explanation
Resistance 2 157.47 Daily R2
Resistance 1 157.06 Daily R1
Support 1 155.94 Daily S1
Support 2 155.53 Daily S2

USDJPY Indicator Table - 23/01/2025

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

USDJPY Indicator / Period Table - 23/01/2025

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

USDJPY 23/01/2025 - Reference Price : 156.50

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