Today's JPY to IDR Price Update

Summary

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

Definition

The Japanese Yen (JPY) is one of the world’s major reserve currencies and a key safe-haven asset in global forex markets. The Indonesian Rupiah (IDR) is the official currency of Indonesia and an important emerging market currency. The exchange rate between them reflects market sentiment toward both developed and emerging market economies.

Today’s Price

• 1 JPY = 108.88 IDR
• 24h High: 109.22 IDR
• 24h Low: 108.83 IDR

Market Analysis

The JPY/IDR currency pair is currently trading near recent levels, with technical analysis indicating mixed signals across various indicators.

• Technical levels: Fibonacci pivot point performance value at 108.71 IDR; multiple pivot point levels (Standard, Fibonacci, Camarilla, Woodie’s, and DeMark’s) are available for reference
• Indicator summary: Technical signals show 3 Buy recommendations, 6 Neutral readings, and 2 Sell signals; Williams %R at -46.565 (Neutral), Bull/Bear Power at -0.0254 (Sell)
• Short-term outlook: Analysts project a potential decline of approximately -1.15% in March compared to current rates
• Trading opportunities: Monitor support and resistance levels derived from pivot point analysis; watch for potential range-bound trading patterns

Conclusion

Continue to monitor the JPY/IDR pair closely, incorporating technical pivot point levels and oscillator signals into your trading strategy. Pay attention to upcoming economic data from both Japan and Indonesia that may influence currency valuations and market direction.