(VIANEWS) – USD/JPY (USDJPY) has been up by 4.28% for the last 21 sessions. At 09:08 EST on Thursday, 15 August, USD/JPY (USDJPY) is $149.16.
Usd/jpy consolidates in a familiar rage, holds comfortably above 147.00 mark
The USD/JPY pair struggles to capitalize on the previous day’s goodish rebound from the 146.00 round figure, or the weekly low and oscillates in a narrow trading band during the Asian session on Thursday. , Apart from this, a generally positive risk tone undermines demand for the safe-haven JPY and continues to offer some support to the USD/JPY pair.
USD/JPY’s yearly highs and lows, it’s 6.325% up from its 52-week low and 7.891% down from its 52-week high.
Volatility
USD/JPY’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.11%, a negative 0.30%, and a positive 0.44%, respectively.
USD/JPY’s highest amplitude of average volatility was 0.34% (last week), 0.63% (last month), and 0.44% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/JPY’s Forex is considered to be oversold (<=20).
Previous days news about USD/JPY (USDJPY)
- Usd/jpy trades with mild losses near 147.00 ahead of US PPI data. According to FXStreet on Tuesday, 13 August, "The USD/JPY pair weakens to near 147.10 during the early Asian session on Tuesday. "
- Usd/jpy: taking a breather? – rabobank. According to FXStreet on Tuesday, 13 August, "In our view this will likely start with a recovery in the value of the USD over the coming days, though we expect that USD/JPY can still trend lower on a 3-to-6-month view’."
- Usd/jpy edges higher in a familiar range, retakes 147.00 mark amid risk-on mood. According to FXStreet on Wednesday, 14 August, "Apart from this, expectations that the Bank of Japan (BoJ) will hike rates again in 2024 help limit the JPY losses and might cap the USD/JPY pair.", "The USD/JPY pair attracts some dip-buying during the Asia session on Wednesday and climbs back above the 147.00 mark in the last hour, reversing the previous day’s modest downfall. "
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