Ultima MarketsMarket analysis: The pressure on the Japanese yen has increased significantly due to the arrival of non-agricultural activities,152defend...

todayUltima Markets Bringing you 2024year 4month 5The daily exchange rate between the US dollar and Japanese yenIn depth analysis.

Fundamental points

• 152Defense WarThe market believes that152The integer level is a key level at which Japanese officials may intervene in the foreign exchange market. If the US dollar slowly breaks through against the Japanese yen152Officials may not respond. But if we start from152Significantly increase to154or155They may have a reaction.
• Key labor dataToday, the United States announced the latest non farm employment numbers. The weak employment data will drive down inflation expectations, thereby driving the strength of the US dollar. Whether the US dollar can break free from the volatile range against the Japanese yen depends on today's non farm data.
  

technical analysis

Daily chart analysis

Daily chart of USD/JPY, sourceUltima Markets MT4）

• Random oscillation indexFast and slow line indicators are intertwined in overbought areas8Two trading days later, it is suspected that a bearish signal is about to be issued today, but one cannot bear it casually until they completely break away from the overbought area.
• Oscillating region：152The integer level is a crucial resistance level for the US dollar against the Japanese yen, with potential support levels for alternative trend lines below. Breakthroughs in any direction of the exchange rate are worth paying attention to corresponding trading opportunities, but due to the previous strong rise in the exchange rate, priority should be given to the probability of false upward breakthroughs.
  

4Hour chart analysis

(USD/JPY)4Hour chart, sourceUltima Markets MT4）

• Moving average flatteningThe exchange rate is fluctuating near a high level2After the week, red33The cyclical moving average still hasn't penetrated black65The cyclical moving average, on the contrary, is in a horizontal horizontal trend. This means that the bulls on the market are still gathering energy, and the direction of the exchange rate is not clear until a clear pattern appears.
• Oscillation intervalThe price of the US dollar against the Japanese yen is currently in a volatile range, with a high point looking towards152The integer level, with the lower edge looking towards151Integer level.
  

Trading CentralHub Line Indicators

(USD/JPY)30Minute chart, sourceUltima Markets APP）

• according toUltimaMarkets APPInTradingCentralHub line indicators, central price range for the day151.65，
• 151.65Upward bullish, first goal152.06Second objective152.30
• 151.65Under bearish, first target150.63Second objective150.39
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.Ultima MarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.