USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.78% | 111.5 Pips |  |
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| Week to-date | 1.2% | 171.1 Pips |  |
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| December | -2.92% | -432.4 Pips |  |
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Upcoming key events (London Time)
Thu 01:30 PM USD GDP Annualized
What happened lately
🇯🇵 Japan Bank of Japan Short-Term Policy Interest Rate unchanged at -0.1% compared to previous rate -0.1% Source: Bank of Japan
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.78% to 143.85. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 145.12 with break above could target R2 at 146.4. While towards the downside, we are looking at daily low of 142.24 as an important support. Break below this level could weaken the current bullish momentum. A break above 144.96 would suggest bullish bias after recent positive movement.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 147.84 |
| R2 | 146.4 |
| R1 | 145.12 |
| Daily Pivot | 143.68 |
| S1 | 142.41 |
| S2 | 140.97 |
| S3 | 139.7 |
