USD/JPY Price Analysis: Pair remains near YTD high, hovers below 147.50
07.09.2023, 09:03

USD/JPY Price Analysis: Pair remains near YTD high, hovers below 147.50

  • USD/JPY extends losses on the chatter surrounding stimulus measures by the Japanese government.
  • Momentum indicators suggest a favorable trend in the pair's price movement over the short-term period.
  • The 147.50 psychological level acts as the immediate resistance, lined up with the weekly high.

USD/JPY extends its losses on the second day, trading around 147.40 below the Year-To-Date (YTD) high during the European session on Thursday. The pair experienced downward pressure after the moderate economic data from the United States (US).

Additionally, Kyodo News citing anonymous sources, the Japanese government is reportedly planning to introduce new economic stimulus measures in October. The primary objectives of these stimulus measures, as mentioned in the news, are to provide support for companies to increase wages and reduce energy costs.

The Moving Average Convergence Divergence (MACD) line stays above the centerline and lies above the signal line. This suggests that the recent momentum is relatively stronger.

The 147.50 psychological level acts as the immediate barrier, followed by the weekly high at 147.87. A break above the latter could support the USD/JPY pair to explore the region around the 148.00 level.

On the downside, the 14-day Exponential Moving Average (EMA) at 146.37 emerges as the key support, following the 21-day EMA at 145.81 aligned to the 23.6% Fibonacci retracement at 145.37 level.

In the short term, the USD/JPY pair remains to be bullish as long as the 14-day Relative Strength Index (RSI) stays above 50.

USD/JPY: Daily Chart

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik