Today's ZAR to JPY Price Update

Summary

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

Definition

The South African Rand (ZAR) is the official currency of South Africa, while the Japanese Yen (JPY) is a major reserve currency and one of the world’s most liquid fiat currencies. The exchange rate between them reflects market sentiment toward emerging market currencies and the relative strength of the Japanese Yen in global forex markets.

Today’s Price

• 1 ZAR = 9.23 JPY
• 24h High: 9.2437 JPY
• 24h Low: 9.2025 JPY

Market Analysis

The ZAR/JPY currency pair is currently trading near recent session highs, with technical analysis indicating mixed signals across different timeframes.

• Technical levels: Key support at 9.204 JPY, resistance at 18.580 JPY
• Technical indicators: The 14-day RSI stands at 56.815, suggesting a buy signal with the pair showing a prevailing uptrend on the weekly rating
• Trading opportunities: Monitor price action around the 9.204 support level for potential long entries, with attention to resistance breakouts above current trading ranges

Conclusion

Continue to monitor the ZAR/JPY pair closely, integrating technical support and resistance levels with momentum indicators such as RSI and MACD. Traders should remain alert to potential support holds and resistance breakouts to identify optimal entry and exit points.