Today's PHP to JPY Price Update

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Summary

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

Definition

The Philippine Peso (PHP) is the primary fiat currency of the Philippines, while the Japanese Yen (JPY) is a major global currency and safe-haven asset. The exchange rate between them reflects market sentiment toward both economies and serves as an important indicator for regional currency traders and investors.

Today’s Price

  • 1 PHP = 2.63 JPY
  • 24h High: 2.6337 JPY
  • 24h Low: 2.6185 JPY

Market Analysis

The PHP/JPY currency pair is currently trading near key technical levels, with recent price action showing relatively tight consolidation within the 24-hour range.

  • Technical levels: Key resistance at 2.6370 JPY (Fibonacci pivot point), support monitored via Camarilla and DeMark’s pivot levels
  • Signal assessment: The pair is currently considered a hold, with mixed technical signals suggesting caution
  • Market outlook: Analysts project potential upward movement in March with an expected change of approximately 3.14% compared to current rates

Conclusion

Continue monitoring the PHP/JPY pair closely through technical analysis tools including moving averages, RSI, MACD, and pivot point levels. Traders should remain cautious at current levels and await clearer directional signals before establishing new positions. Watch for potential breakouts above the 2.6370 resistance level for bullish confirmation.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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