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

Dollar - Japanese Yen Analysis Analysis Technical analysis 15/05/2024

Time Frame: 1 hour

USDJPY Support & Resistance Table – 15/05/2024

Support & ResistanceLevelExplanation
Resistance 2156.84Daily R2
Resistance 1156.59Daily R1
Support 1155.95Daily S1
Support 2155.70Daily S2

USDJPY Indicator Table – 15/05/2024

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

USDJPY Indicator / Period Table – 15/05/2024

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

USDJPY 15/05/2024 – Reference Price : 156.29

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2)

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