Dollar Looks Deeply Overbought Vs. Yen on Daily Chart

Dow Jones

Jul 01

0634 GMT - The dollar looks deeply overbought against the yen, based on a relative strength index of 81.4 on daily chart, Sucden Financial's research team says in commentary. This raises the probability of a corrective pullback of the dollar toward the 20-day simple moving average near 161 yen or structural support at 161.20 yen, the team says. The U.S. nonfarm payrolls report due Thursday represents a key near-term catalyst, as strong data would reinforce hawkish Fed monetary-policy expectations and possibly lift the dollar above 163 yen, the team says. However, "a disappointing print could provide the backdrop for profit-taking at these extreme levels," the team adds. The dollar is 0.1% higher at 162.70 yen, LSEG data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 01, 2026 02:34 ET (06:34 GMT)

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Yen on Daily Chart","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0634 GMT - The dollar looks deeply overbought against the yen, based on a relative strength index of 81.4 on daily chart, Sucden Financial's research team says in commentary. This raises the probability of a corrective pullback of the dollar toward the 20-day simple moving average near 161 yen or structural support at 161.20 yen, the team says. The U.S. nonfarm payrolls report due Thursday represents a key near-term catalyst, as strong data would reinforce hawkish Fed monetary-policy expectations and possibly lift the dollar above 163 yen, the team says. However, \"a disappointing print could provide the backdrop for profit-taking at these extreme levels,\" the team adds. The dollar is 0.1% higher at 162.70 yen, LSEG data show. 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Yen on Daily Chart\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-01 14:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0634 GMT - The dollar looks deeply overbought against the yen, based on a relative strength index of 81.4 on daily chart, Sucden Financial's research team says in commentary. This raises the probability of a corrective pullback of the dollar toward the 20-day simple moving average near 161 yen or structural support at 161.20 yen, the team says. The U.S. nonfarm payrolls report due Thursday represents a key near-term catalyst, as strong data would reinforce hawkish Fed monetary-policy expectations and possibly lift the dollar above 163 yen, the team says. However, \"a disappointing print could provide the backdrop for profit-taking at these extreme levels,\" the team adds. The dollar is 0.1% higher at 162.70 yen, LSEG data show. (ronnie.harui@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 02:34 ET (06:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648590729","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648590729","pubTimestamp":1782887640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0634 GMT - The dollar looks deeply overbought against the yen, based on a relative strength index of 81.4 on daily chart, Sucden Financial's research team says in commentary. This raises the probability of a corrective pullback of the dollar toward the 20-day simple moving average near 161 yen or structural support at 161.20 yen, the team says. The U.S. nonfarm payrolls report due Thursday represents a key near-term catalyst, as strong data would reinforce hawkish Fed monetary-policy expectations and possibly lift the dollar above 163 yen, the team says. However, \"a disappointing print could provide the backdrop for profit-taking at these extreme levels,\" the team adds. The dollar is 0.1% higher at 162.70 yen, LSEG data show.  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This raises the probability of a corrective pullback of the dollar toward the 20-day simple moving average near 161 yen or structural support at 161.20 yen, the team says. The U.S. nonfarm payrolls report due Thursday represents a key near-term catalyst, as strong data would reinforce hawkish Fed monetary-policy expectations and possibly lift the dollar above 163 yen, the team says. However, \"a disappointing print could provide the backdrop for profit-taking at these extreme levels,\" the team adds. The dollar is 0.1% higher at 162.70 yen, LSEG data show. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 02:34 ET (06:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}