(VIANEWS) – USD/JPY (USDJPY) has been up by 2.08% for the last 21 sessions. At 10:06 EST on Friday, 5 January, USD/JPY (USDJPY) is $144.12.
Usd/jpy forecast: works against the yen – 05 January 2024
Additionally, keeping a close eye on the 10-year note in the United States is crucial, as it plays a pivotal role in shaping the dynamics of the USD/JPY pair, serving as the most significant secondary market., Should US yields continue their ascent, the USD/JPY pair will likely trend higher.
USD/JPY’s yearly highs and lows, it’s 13.253% up from its 52-week low and 5.124% 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 0.28%, a negative 0.14%, and a positive 0.44%, respectively.
USD/JPY’s highest amplitude of average volatility was 0.45% (last week), 0.54% (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 soars above the 143.00 figure on US bond yields advance. According to FXStreet on Wednesday, 3 January, "The USD/JPY daily chart depicts the pair as downward biased despite posting a leg-up of more than 140 pips, above the 143.00 figure. ", "Even though the USD/JPY is skyrocketing during Wednesday’s session, upside risks remain, with additional US economic data pending to be released. "
- Usd/jpy analysis: gains May remain cautious – 03 January 2024. According to DailyForex on Wednesday, 3 January, "As trading in 2024 began, the USD/JPY pair attempted to recover, with gains reaching the 142.41 resistance level, which is stable at the time of writing."
- Usd/jpy hesitates just shy of 143.75. According to FXStreet on Wednesday, 3 January, "The USD/JPY drove higher on Wednesday as the US Dollar (USD), the day’s single best-performing currency clambered over the Yen (JPY), the day’s biggest loser. ", "The USD/JPY climbed one and a third percent bottom-to-top for the midweek market session, slipping back from just below 143.75 to wrap up Wednesday’s trading just above the 143.00 handle."
- Usd/jpy forecast: recovers from a trendline – 04 January 2024. According to DailyForex on Thursday, 4 January, "The USD/JPY pair is renowned for its inherent volatility, and this characteristic continues to define its behavior. ", "The inherent volatility of the USD/JPY pair, exacerbated by the upcoming jobs report, underscores the need for traders to navigate through market noise. "
More news about USD/JPY (USDJPY).
