In recent developments from the Asian trading sessions, there has been a notable decrease in the strength of the US Dollar against the Japanese Yen, with the exchange rate dropping below the 152.000 mark. This movement underscores the dynamic nature of currency markets and signals a moment of recalibration in the valuation between these two major currencies.

Today’s economic calendar from Japan remains clear, with no significant data releases on the horizon. This places heightened focus on the United States, where critical labor market statistics, including the Nonfarm Payrolls and Unemployment Rate, are scheduled for release. These indicators are vital as they provide insights into the economic health of the nation, potentially influencing currency exchange rates and shaping investor strategies.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 05/04/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 05/04/2024

Support & ResistanceLevelExplanation
Resistance 2151.49Daily R2
Resistance 1151.35Daily R1
Support 1150.97Daily S1
Support 2150.83Daily S2

USDJPY Indicator Table – 05/04/2024

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

USDJPY Indicator / Period Table – 05/04/2024

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

USDJPY 05/04/2024 – Reference Price : 151.14

SELLSimple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (2)Sell (1)

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