In the latest developments from the Asian financial markets, the US Dollar has demonstrated stability against the Japanese Yen, maintaining positions around the 151.000 mark.
As investors and market observers look ahead, significant attention is turned towards Japan as it is set to disclose its household spending figures for February. Concurrently, there is a palpable anticipation for the United States to release its Initial Jobless Claims data. These economic indicators are crucial as they offer insights into consumer behavior in Japan and the employment landscape in the U.S., respectively, serving as key drivers in assessing the economic vitality of both nations.
The interaction between upcoming economic data and advanced predictive technologies highlights a burgeoning era of investment strategy. This development not only intrigues seasoned investors but also demystifies the realm of financial markets for the everyday person, presenting tangible opportunities for growth and profitability.
Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 04/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 151.95 | Daily R2 |
| Resistance 1 | 151.83 | Daily R1 |
| Support 1 | 151.49 | Daily S1 |
| Support 2 | 151.37 | Daily S2 |
USDJPY Indicator Table – 04/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table – 04/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 04/04/2024 – Reference Price : 151.65
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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