Created
: 2024.10.01
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/JPY Price Forecast: Jumps towards 144.00 as Powell speaks
World FX news
Breaking news
USD/JPY Price Forecast: Jumps towards 144.00 as Powell speaks
New
2024.10.01 04:50
2024.10.01 04:50
2024.10.01 04:50
- USD/JPY gains over 1%, trading at 143.69 after Fed Chair Powell suggests no rush to accelerate rate cuts.
- Despite recent gains, USD/JPY stays under key resistances like the 200-DMA and Ichimoku Cloud, maintaining a bearish outlook.
- Breaking above 144.00 could propel USD/JPY towards 145.00; a pullback to 143.46 and 143.39 is likely if resistances persist.
The USD/JPY climbed late in Monday's North American session, gaining over 1%, and traded at 143.69 after the Federal Reserve Chair Jerome Powell crossed the newswires.
The Fed Chair said that goods and services inflation is broadly back to pre-pandemic levels, added that the job finding rate declined 'very significantly,' and said they don't need to accelerate rate cuts.
USD/JPY Price Forecast: Technical outlook
The USD/JPY remains downward biased despite registering solid gains and climbing above the Tenkan-Sen and Kijun-Sen, each at 143.46 and 143.39, respectively. Nevertheless, price action remains below the 200-day moving average (DMA) and beneath the Ichimoku Cloud (Kumo), hinting that sellers are in charge.
The Relative Strength Index (RSI) hints that buyers are gathering some steam but will need to clear key resistance levels overhead.
If USD/JPY breaks above 144.00, the next ceiling level will be 145.00, followed by the 50-day moving average (DMA) at 145.92. The next stop would be the bottom of the Kumo at around 148.00-148.20.
Conversely, if USD/JPY remains below 144.00, look for a pullback to the Tenkan-Sen at 143.46. Immediately after this level lies the Kijun-Sen at 143.39, followed by the 143.00 figure.
USD/JPY Price Action - Daily Chart
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.27% | -0.01% | 1.02% | 0.10% | -0.17% | -0.26% | 0.58% | |
| EUR | -0.27% | -0.26% | 0.77% | -0.14% | -0.37% | -0.49% | 0.40% | |
| GBP | 0.00% | 0.26% | 1.15% | 0.11% | -0.11% | -0.23% | 0.66% | |
| JPY | -1.02% | -0.77% | -1.15% | -0.87% | -1.25% | -1.23% | -0.39% | |
| CAD | -0.10% | 0.14% | -0.11% | 0.87% | -0.22% | -0.34% | 0.54% | |
| AUD | 0.17% | 0.37% | 0.11% | 1.25% | 0.22% | -0.12% | 0.77% | |
| NZD | 0.26% | 0.49% | 0.23% | 1.23% | 0.34% | 0.12% | 0.87% | |
| CHF | -0.58% | -0.40% | -0.66% | 0.39% | -0.54% | -0.77% | -0.87% |
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).
Last updated
: 2024.10.01
Related articles
Israel announces ground operation in Lebanon
11 minutes agoEUR/USD churns in familiar territory ahead of EU inflation print
20 minutes agoUSD/CAD trades stronger above 1.3500 as Fed's Powell signals a slow approach to rate cuts
31 minutes agoGBP/USD grapples with 1.34 as markets weigh data outlook
37 minutes agoAUD/USD stays bullish despite Powell hawkish tilt, Aussie PMI eyed
2024.10.01 06:49USD/JPY Price Forecast: Jumps towards 144.00 as Powell speaks
2024.10.01 04:49
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.
Was this article helpful?
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].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Israel announces ground operation in Lebanon
Israel announced a "limited" ground operation against Hezbollah targets in the border area of southern Lebanon, sending its soldiers across the border, per local news agency Aljazeera.
New
2024.10.01 08:26EUR/USD churns in familiar territory ahead of EU inflation print
EUR/USD cycled familiar territory to kick off the new trading, holding north of the 1.1100 handle but failing to find any new territory on the high end.
New
2024.10.01 08:17USD/CAD trades stronger above 1.3500 as Fed's Powell signals a slow approach to rate cuts
The USD/CAD pair gathers strength to near 1.3525 during the early Asian session on Tuesday.
New
2024.10.01 08:06GBP/USD grapples with 1.34 as markets weigh data outlook
GBP/USD cycled just south of the 1.3400 handle to kick off the new trading week, but intraday price action flubbed the key price level, closing back below the round figure barrier after cautionary statements from Federal Reserve (Fed) Chair Jerome Powell trimmed rate cut expectations and bolstered the Greenback.
New
2024.10.01 08:00AUD/USD stays bullish despite Powell hawkish tilt, Aussie PMI eyed
The Aussie Dollar ended September on a higher note, posting gains of over 0.22% against the Greenback, even though Federal Reserve Chairman Jerome Powell was slightly 'hawkish' in a speech.
New
2024.10.01 06:49USD/JPY Price Forecast: Jumps towards 144.00 as Powell speaks
The USD/JPY climbed late in Monday's North American session, gaining over 1%, and traded at 143.69 after the Federal Reserve Chair Jerome Powell crossed the newswires.
New
2024.10.01 04:49Forex Today: Fedspeak and data puts the US economy at the centre of the debate
The Greenback started the week on a strong note in a context where investors' prudence prevailed ahead of key data releases in the US economy, where the labour market is seen taking centre stage.
New
2024.10.01 04:06Gold price slips on strong USD as Powell speaks
Gold price retreats for the second consecutive day amid month-end flows favoring the Greenback despite falling US Treasury yields.
New
2024.10.01 03:56Dow Jones Industrial Average flattens on tepid Monday
The Dow Jones Industrial Average (DJIA) was hamstrung near Monday's opening bids at the start of a fresh trading week.
New
2024.10.01 02:49Fed's Bostic: Will be watching the Friday jobs report closely
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic noted on Monday that further deep cuts could be warranted from the Fed if the US labor market shows unexpected weakness.
New
2024.10.01 02:29Disclaimer:
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
