In today’s Asian market session, the US Dollar saw a slight decline against the Japanese Yen, positioning itself just under the 157.000 mark. This movement comes at a time when the financial calendar in Japan remains clear with no significant economic announcements due. Meanwhile, all eyes are on the United States where the Consumer Price Index (CPI) data is due for release. This indicator is pivotal as it helps gauge inflation, potentially guiding the Federal Reserve’s future monetary policy decisions.
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Technical analysis
Time Frame: 1 hour
USDJPY Support & Resistance Table – 15/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 156.84 | Daily R2 |
| Resistance 1 | 156.59 | Daily R1 |
| Support 1 | 155.95 | Daily S1 |
| Support 2 | 155.70 | Daily S2 |
USDJPY Indicator Table – 15/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
USDJPY Indicator / Period Table – 15/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USDJPY 15/05/2024 – Reference Price : 156.29
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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