During today’s Asian trading session, the US Dollar advanced against the Japanese Yen, consistently holding above the 155.000 threshold. In terms of economic announcements, Japan has no significant data scheduled for release today, leaving the spotlight on the US economy. Market participants are eagerly awaiting the release of the Initial Jobless Claims data from the United States, which could provide critical insights into the labor market’s current state and influence currency valuations.
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Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 09/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 156.70 | Daily R2 |
| Resistance 1 | 156.22 | Daily R1 |
| Support 1 | 154.96 | Daily S1 |
| Support 2 | 154.48 | Daily S2 |
USDJPY Indicator Table – 09/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table – 09/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 09/05/2024 – Reference Price : 155.62
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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