(VIANEWS) – USD/JPY (USDJPY) has been up by 2.76% for the last 21 sessions. At 18:07 EST on Monday, 9 September, USD/JPY (USDJPY) is $143.09.
Usd/jpy rises to near 143.00 following lower-than-expected Japan GDP data
The USD/JPY pair’s recovery can be partly attributed to lower-than-expected Gross Domestic Product (GDP) data from Japan.
Usd/jpy strengthens further beyond 143.00, hits fresh daily peak amid modest USD strength
This further contributes to the USD/JPY pair’s intraday positive move, though the divergent BoJ-Fed policy expectations warrant some caution before positioning for further gains., Hence, it will be prudent to wait for strong follow-through buying beyond the 143.75-143.80 horizontal support breakpoint before confirming that the USD/JPY pair’s recent downfall has run its course and positioning for any further appreciating move.
USD/JPY’s yearly highs and lows, it’s 1.996% up from its 52-week low and 11.641% 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 negative 0.52%, a negative 0.21%, and a positive 0.53%, respectively.
USD/JPY’s highest amplitude of average volatility was 0.66% (last week), 0.64% (last month), and 0.53% (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 overbought (>=80).
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