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Market Overview
The JPY/XAF pair closed at 3.57692, slightly up by 0.01% from the previous close, continuing its downtrend with a 30-day return of -0.29%. The price remains near the 20-day SMA of 3.5798, below which the trend has been bearish. Technical indicators show the 5-day SMA at 3.5758, with the 50-day and 200-day SMAs not explicitly provided but implied to support the downtrend. The RSI suggests subdued momentum, while nearest support is around 3.5715 and resistance near 3.5938. No significant upcoming events are noted to impact price action imminently. The market is expected to consolidate within this range. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.