Created
: 2024.10.05
- 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: Skyrockets and climbs above 148.00
World FX news
Breaking news
USD/JPY Price Forecast: Skyrockets and climbs above 148.00
New
2024.10.05 05:14
2024.10.05 05:14
2024.10.05 05:14
- USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields.
- Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06.
- Support lies at 148.00, followed by the Senkou Span B at 147.78 and the bottom of the Ichimoku Cloud at 146.90-147.00.
The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS) revealed that the latest jobs report added over 254K employees to the workforce. This underpinned US Treasury yields, which lifted the exchange rate to current price levels due to their close correlation with the pair. The major trades at 148.73, up by over 1%.
USD/JPY Price Forecast: Technical outlook
The USD/JPY aimed higher, yet it remains far from turning bullish. Despite this, bulls are in charge in the short term, eyeing a decisive break above the August 15 high of 149.39 and the 150.00 figure.
The Relative Strength Index (RSI) is bullish, aiming upwards, suggesting further upside is seen in the USD/JPY pair.
If buyers clear 150.00, the next resistance would be the 200-day moving average (DMA) at 151.06. On further strength, that will expose the 100-DMA at 151.94.
Conversely, the USD/JPY first support would be the 148.00 figure. Once surrendered, the first support would be the Senkou Span B at 147.78, followed by the bottom of the Kumo at 146.90-147.00.
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 New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | -0.02% | 1.22% | 0.15% | 0.64% | 0.85% | 0.72% | |
| EUR | -0.52% | -0.52% | 0.72% | -0.35% | 0.11% | 0.35% | 0.18% | |
| GBP | 0.02% | 0.52% | 1.25% | 0.18% | 0.64% | 0.86% | 0.69% | |
| JPY | -1.22% | -0.72% | -1.25% | -1.07% | -0.59% | -0.40% | -0.54% | |
| CAD | -0.15% | 0.35% | -0.18% | 1.07% | 0.47% | 0.72% | 0.52% | |
| AUD | -0.64% | -0.11% | -0.64% | 0.59% | -0.47% | 0.22% | 0.03% | |
| NZD | -0.85% | -0.35% | -0.86% | 0.40% | -0.72% | -0.22% | -0.18% | |
| CHF | -0.72% | -0.18% | -0.69% | 0.54% | -0.52% | -0.03% | 0.18% |
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
: 2024.10.05
Related articles
USD/JPY Price Forecast: Skyrockets and climbs above 148.00
2024.10.05 05:13US Dollar marks in fifth straight gain day after NFP numbers surge
2024.10.05 05:03Australian Dollar sinks as US jobs report brushes away recession fears
2024.10.05 04:32Canadian Dollar backslides on NFP Friday
2024.10.05 04:11Dow Jones Industrial Average lurches higher post-NFP
2024.10.05 02:59Mexican Peso soars as US stellar jobs data eases recession fears
2024.10.05 01:13
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
USD/JPY Price Forecast: Skyrockets and climbs above 148.00
The USD/JPY rallied sharply inside the Ichimoku cloud (Kumo) after the US Bureau of Labor Statistics (BLS) revealed that the latest jobs report added over 254K employees to the workforce.
New
2024.10.05 05:13US Dollar marks in fifth straight gain day after NFP numbers surge
The US Dollar (USD) Index (DXY) climbed into a fifth consecutive bullish day on Friday, driven higher by better-than-expected US Nonfarm Payrolls figures.
New
2024.10.05 05:03Australian Dollar sinks as US jobs report brushes away recession fears
The Australian Dollar dropped during the North American session after September's jobs report in the United States (US), suggesting that the Federal Reserve (Fed) would not cut rates by 50 basis points (bps) at the November meeting.
New
2024.10.05 04:32Canadian Dollar backslides on NFP Friday
The Canadian Dollar (CAD) slipped further on Friday, driven lower by a broad-market extension of recent Greenback bidding that sent the US Dollar higher across the board after US Nonfarm Payrolls (NFP) figures widely outran expectations.
New
2024.10.05 04:11Dow Jones Industrial Average lurches higher post-NFP
The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations.
New
2024.10.05 02:59Gold tumbles as strong US NFP data points to gradual Fed rate cuts
Gold price retraces after a stronger-than-expected US jobs report hinted that the labor market remains solid and that the Federal Reserve (Fed) will likely ease policy in 25-basis-point (bps) chunks.
New
2024.10.05 02:46Mexican Peso soars as US stellar jobs data eases recession fears
The Mexican Peso appreciated against the US Dollar on Friday, sponsored by an outstanding jobs report in the United States (US) that set aside recessionary fears in the largest economy in the world.
New
2024.10.05 01:13Gold and Silver are max long - TDS
CTAs are 'max long' Gold and Silver, but the margin of safety against algo liquidations in Gold still remains elevated, TDS commodity analyst Daniel Ghali notes.
New
2024.10.05 00:05Fed's Goolsbee: The jobs report is "superb"
In an interview at Bloomberg, Chicago Federal Reserve Bank President Austan Goolsbee said on Friday that he considered the latest job market report to be "superb" and noted that additional reports like this would increase his confidence that the US economy has reached full employment with low inflation.
New
2024.10.04 23:30US jobs growth accelerates again - Commerzbank
After the disappointing data of late, the situation on the US labor market improved markedly again in September.
New
2024.10.04 23:20Disclaimer:
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
