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What is a USD/JPY ticker?

USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy.

Is USD/JPY a bearish trend?

USD/JPY trades around 147.40 on Thursday. The daily chart analysis shows that the pair is positioned slightly below the nine-day Exponential Moving Average (EMA), suggesting a short-term bearish trend. Additionally, the 14-day Relative Strength Index (RSI) is positioned slightly above the 30 level, suggesting a potential for a correction.

Will USD/JPY hit a resistance level?

On the upside, the USD/JPY pair may encounter immediate resistance at the nine-day Exponential Moving Average (EMA) around the 147.53 level, followed by the 50-day EMA at 153.40 level, with the potential to test the resistance level at 154.50, where previous support has now turned into resistance. loading...

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