Created
: 2024.08.27
2024.08.27 06:20
The Japanese Yen (JPY) lost ground against the Greenback on Monday as the USD/JPY pair edged up 0.13% amid an uptick in US Treasury bond yields. At the time of writing, the pair was at 144.59 after bouncing off daily lows of 143.44.
The USD/JPY downtrend is intact as the exchange rate remains below the Ichimoku Cloud and the 200-day moving average (DMA) at 151.22. Nevertheless, sellers are losing some momentum, as depicted by the Relative Strength Index (RSI), remaining bearish, yet aiming up. That could pave the way for a leg-up before testing lower prices.
If USD/JPY clears 145.00, the next resistance emerges at the Tenkan-Sen at 146.42, followed by the Senkou Span A at 147.91. Further upside is seen at the confluence of the Kijun-Sen and the August 15 daily high of 149.39.
Conversely, if USD/JPY slumps below the 144.00 figure and the pair could tumble towards the latest cycle low seen at 141.69, before challenging 140.00.
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.02% | 0.00% | 0.01% | -0.01% | 0.00% | -0.00% | -0.01% | |
EUR | 0.02% | 0.03% | 0.03% | -0.00% | 0.04% | -0.01% | -0.01% | |
GBP | -0.01% | -0.03% | 0.02% | 0.00% | -0.02% | -0.02% | -0.05% | |
JPY | -0.01% | -0.03% | -0.02% | -0.06% | -0.02% | -0.05% | -0.02% | |
CAD | 0.01% | 0.00% | -0.00% | 0.06% | 0.03% | 0.00% | -0.01% | |
AUD | -0.01% | -0.04% | 0.02% | 0.02% | -0.03% | -0.04% | -0.02% | |
NZD | 0.00% | 0.00% | 0.02% | 0.05% | -0.00% | 0.04% | -0.03% | |
CHF | 0.01% | 0.01% | 0.05% | 0.02% | 0.00% | 0.02% | 0.03% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Created
: 2024.08.27
Last updated
: 2024.08.27
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy