In today’s Asian market session, the US Dollar saw an uptick in its value against the Japanese Yen, reaching beyond the 151.000 benchmark.

Without any significant economic announcements from Japan for the day, all eyes are on the United States, which is expected to release its Service Sector Purchasing Managers’ Index (PMI) data later today.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 03/04/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 03/04/2024

Support & ResistanceLevelExplanation
Resistance 2151.93Daily R2
Resistance 1151.78Daily R1
Support 1151.38Daily S1
Support 2151.23Daily S2

USDJPY Indicator Table – 03/04/2024

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

USDJPY Indicator / Period Table – 03/04/2024

Indicator / PeriodDay – BuyWeek – BuyMonth – Buy
MACD( 12;26;9)BuyBuyBuy
RSI (14)BuyBuyBuy
SMA 20BuyBuyBuy

USDJPY 03/04/2024 – Reference Price : 151.59

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0)