In today’s Asian trading session, the U.S. Dollar experienced a notable increase, ascending above the 153.000 level against the Japanese Yen. This upward movement comes at a time when the economic calendar in Japan remains quiet, with no major data releases scheduled for the day. In contrast, market participants are keenly anticipating the release of Retail Sales data from the United States, an indicator that could significantly influence currency valuations depending on its outcome.

The absence of significant economic announcements from Japan has shifted investor focus primarily to forthcoming U.S. economic indicators. Retail Sales figures are especially critical as they provide insights into consumer spending trends, an essential component of economic health in the U.S. A robust Retail Sales report could reinforce the strength of the U.S. economy, potentially bolstering the Dollar further against global currencies including the Yen.

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As today unfolds, the attention will undoubtedly remain fixed on the U.S. Retail Sales data, which is expected to provide further direction for the Dollar-Yen currency pair. Investors and traders will be watching closely, prepared to adjust their positions based on the strength of the U.S. consumer market insights.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 15/04/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 15/04/2024

Support & ResistanceLevelExplanation
Resistance 2154.32Daily R2
Resistance 1154.10Daily R1
Support 1153.54Daily S1
Support 2153.32Daily S2

USDJPY Indicator Table – 15/04/2024

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

USDJPY Indicator / Period Table – 15/04/2024

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

USDJPY 15/04/2024 – Reference Price : 153.82

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

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