- Yen strengthens when investors are looking for security among unconfirmed rumors between the USA and China.
- USD/JPy finds support on a 20-day SMA; Every day nearly 144.00 needed to regain stubborn adhesion.
- Break below 143.00 can reveal 141.97 and YTD low at 139.88.
USD/JPY fell delayed during the North American session, when investors looking for security bought Japanese Jen (JPy) and abandoned the American dollar (USD) among the lack of advertising of commercial agreements, despite the rumors that the United States and China are close to starting talks. At the time of writing, USD/JPY trades at 143.80, which is a 0.80%decrease.
USD/JPY price forecast: technical perspectives
From a technical point of view, USD/JPY remains biased down, reaching a lower level to the second in a row sales day. However, he found support on a 20-day straight movable medium (SMA) 143.43 before the buyers raised the pair above Kijun-Seen to 143.70.
Although this can pave the way to recover, bulls need more than 144.00 every day if they would like to test higher prices. Otherwise, if the sellers pus the USD/JPy below 143.00, it removes the path to test low level 29 April at 141.97. If it is exceeded, the next stop would be year -on -year (YTD) at 139.88.
Capora of Cena USD/JPY – every day
Japanese price Jena today
The table below shows the percentage change of Japanese Jen (JPY) compared to the main currencies. Japanese Jen was the strongest in relation to the Canadian dollar.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | -0.24% | -0.63% | 0.08% | -0.21% | -0.29% | -0.38% | |
| EUR | -0.14% | -0.11% | -0.52% | 0.21% | -0.08% | -0.16% | -0.26% | |
| GBP | 0.24% | 0.11% | -0.63% | 0.32% | 0.02% | -0.06% | -0.15% | |
| JPy | 0.63% | 0.52% | 0.63% | 0.73% | 0.44% | 0.44% | 0.36% | |
| BOOR | -0.08% | -0.21% | -0.32% | -0.73% | -0.59% | -0.38% | -0.47% | |
| Aud | 0.21% | 0.08% | -0.02% | -0.44% | 0.59% | -0.08% | -0.17% | |
| NZD | 0.29% | 0.16% | 0.06% | -0.44% | 0.38% | 0.08% | -0.10% | |
| CHF | 0.38% | 0.26% | 0.15% | -0.36% | 0.47% | 0.17% | 0.10% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose Japanese yen on the left column and move along the horizontal line to the American dollar, the percentage shift displayed in the field will represent JPy (base)/USD (quote).
