Today's JPY to ZAR Price Update

Summary

This report provides the real-time exchange rate between the Japanese Yen (JPY) and South African Rand (ZAR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Japanese Yen (JPY) is a major fiat currency and one of the world’s most liquid currencies, while the South African Rand (ZAR) represents the economic conditions of emerging markets in Africa. The exchange rate between them reflects market sentiment toward both currencies and broader economic trends in their respective regions.

Today’s Price

• 1 JPY = 0.105 ZAR
• 24h High: 0.1052 ZAR
• 24h Low: 0.10515 ZAR

Market Analysis

The JPY/ZAR currency pair currently displays a strong bearish sentiment based on technical analysis. Moving averages across multiple timeframes (MA5 to MA200) generate 12 Sell signals and 0 Buy signals, indicating a pronounced downtrend.

• Technical levels: Key support at 9.468, resistance at 19.114
• Risk note: The pair is trading well below key resistance levels; traders are advised to exercise caution and favor short positions
• Trading opportunities: Monitor for potential continuation of downward momentum; short-term traders should focus on sell-side opportunities given the consistent bearish technical signals

Conclusion

Continue to monitor the JPY/ZAR pair closely, integrating technical indicators and moving average signals into your trading strategy. The current strong sell outlook suggests maintaining a cautious approach while favoring short positions in the near term.