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

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

Time Frame: 1 hour

USDJPY Support & Resistance Table – 04/04/2024

Support & ResistanceLevelExplanation
Resistance 2151.95Daily R2
Resistance 1151.83Daily R1
Support 1151.49Daily S1
Support 2151.37Daily S2

USDJPY Indicator Table – 04/04/2024

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

USDJPY Indicator / Period Table – 04/04/2024

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

USDJPY 04/04/2024 – Reference Price : 151.65

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (1)

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