The USD/JPY descended on Thursday trading, breaking below the 150.00 psychological figure and achieving a daily close below the latter for the first time since March.
USD/JPY closes below 150.00 for the first time since March, hitting a five-month low of 148.51. Technical indicators show strong downtrend, with RSI suggesting potential for oversold rebound. Key resistance at 150.00 and 151.00, with support levels at 148.51, 148.00, and March low of 146.48. The pair whipsawed in a 200-pip range, sending the Japanese Yen to a five-month high of 148.51. As Friday’s Asian session kicks in, the major trades at 149.34, virtually unchanged.
On the other hand, and the path of least resistance, if the pair drops below 148.51, the next demand zone would be 148.00, and with the Average True Range being at 169 pips, the next support would be the March 8 bottom at 146.48. USD/JPY Price Action – Daily Chart Japanese Yen PRICE Today The table below shows the percentage change of Japanese Yen against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.01% 0.
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