The yen is approaching a critical juncture, trading at a level where the dollar is above the 21-day moving average, which indicates the average dollar-buying cost over the past month. The yen ended the daytime session on the 26th at around ¥159 per dollar, in the low ¥159 range, while the 21-day moving average remained in the upper ¥158 range.
The yen has reached a critical juncture. If it becomes clear that the dollar has risen above the 21-day moving average, which indicates the average cost of buying dollars, the yen’s depreciation and the dollar’s appreciation could accelerate. The closing rate during overseas trading hours on the 26th was in the low ¥159 range per dollar, while the 21-day moving average stood in the upper ¥158 range.
Based on the NY market close, some view the yen as having exceeded the 21-day moving average for the first time in 20 business days, but details are unavailable because the relevant portion of the article is restricted to subscribers.