(VIANEWS) – USD/JPY trades higher around 146.00, recovering the recent losses during early trading hours in the European session on Friday. The Japanese (Yen) experiences downward pressure due to mixed Japan’s inflation figures.
FXStreet has confirmed that tokyo Consumer Price Index (CPI) for August fell to 2.9% on the annual rate vs. 3.0% expected, from the 3.2% prior. Meanwhile, Tokyo CPI ex Food, Energy (YoY) remained consistent at 4% whereas Tokyo CPI ex Fresh Food (YoY) declined to 2.8% against the market consensus of 2.9%. The index printed the 3% figure in July.
USD/JPY (USDJPY) has been up by 5.19% for the last 21 sessions. At 18:00 EST on Sunday, 27 August, USD/JPY (USDJPY) is $146.42.
USD/JPY’s yearly highs and lows, it’s 15.062% up from its 52-week low and 3.63% down from its 52-week high.
Volatility
USD/JPY’s last week, last month’s, and last quarter’s current intraday variation average was 0.06%, 0.15%, and 0.46%, respectively.
USD/JPY’s highest amplitude of average volatility was 0.57% (last week), 0.53% (last month), and 0.46% (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)
- Hawkish tone by powell should be enough to keep usd/jpy around 146.00 – ING. According to FXStreet on Friday, 25 August, “We think that a hawkish tone by Powell is largely priced in today, but should be enough to keep USD/JPY around 146.00 for today.”
- Usd/jpy moves back above 146.00 after softer tokyo inflation, focus remains on fed’s powell. According to FXStreet on Friday, 25 August, “This remains supportive of elevated US Treasury bond yields, which lifts the US Dollar (USD) to its highest level since early July and further lends support to the USD/JPY pair. “, “Investors will look for fresh cues about the Fed’s future rate-hike path, which will play a key role in influencing the near-term USD price dynamics and provide a fresh directional impetus to the USD/JPY pair. “
- Japan inflation: tokyo consumer price index eases to 2.9% yoy in August vs. 3.0% expected, usd/jpy edges higher. According to FXStreet on Friday, 25 August, “Following the data, USD/JPY marked an immediate pullback from the intraday high to 145.98 but refreshed the intraday high with 146.07 afterward.”, “Also read: USD/JPY rebounds above 145.00 on Fed hawkish comments and high US yields”
- Usd/jpy retreats to 146.00 despite firmer yields amid anxiety about boj, fed chair powell’s speech. According to FXStreet on Friday, 25 August, “Further, the US Dollar Index (DXY) rises to a fresh high in 11 weeks and put a floor under the USD/JPY price.”, “A one-month-old bullish flag formation keeps the USD/JPY pair buyers hopeful unless it falls beneath the flag’s bottom line of 144.80. “
- Usd/jpy hovers around 146.00, focus on speeches from fed chair powell, boj governor ueda. According to FXStreet on Friday, 25 August, “The USD/JPY traders will also closely monitor the Bank of Japan (BoJ) Governor Kazuo Ueda’s speech at the Jackson Hole Symposium on Saturday, seeking insights into the financial and economic sectors, helping to shape potential strategies in response to place bets on USD/JPY pair.”, “Furthermore, The USD/JPY pair strengthened due to robust United States (US) employment data, higher US Treasury yields, and mixed sentiment around monetary policy tightening by the US Federal Reserve in the September meeting. “
More news about USD/JPY (USDJPY).
