USDJPY 🇯🇵 16.05.24

16 พ.ค.

USDJPY 🇯🇵
16.05.24

📍 USDJPY fell 0.52% this morning. After sliding down to 153.57 yen during the day. This is the lowest point since May 6, or the lowest point in over a week. The euro/dollar rose 0.02% to $1.0884 this morning. After hitting $1.0894 during the day, This is the highest point since March 21 or the highest point in nearly two months. The euro just strengthened 0.6% yesterday. The US dollar index against a basket of currencies was stable at 104.20 in the morning. today After falling to 104.07 in the first session, its lowest point since April 9, the dollar index dropped 0.75% yesterday, the biggest drop of 2024, and the dollar index plunged. The important support line has been broken down.
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✏️ Plummeting US bond yields And the selling pressure of Japanese government bonds (JGB) during this period has resulted in the spread between the US government bond yield and the 10-year JGB narrowing to nearly 0.20% this week.
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🔹 As for the technical picture, today there is a chance of a new low after falling to the support area of ​​153.64 during the day, waiting for the price to rebound back up. and look for an opportunity to sell back down later.

Support - Resistance (12:00)
USDJPY
Status: Slightly Bearish

R3 155.28*
R2 154.76
R1 154.27

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S1 153.64
S2 153.00
S3 152.20

- Beam -