USDJPY on Thursday rose 0.38% to 155.37. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.38%	59.2 Pips
Week to-date	-0.21%	-33.4 Pips
May	-1.48%	-233.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in April dropped to 0% compared to previous figure 0.4% in March
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in May dropped to 4.5 points compared to previous figure 15.5 points in April
🇯🇵 Japan GDP (3-mth) in Q1 flash estimate dropped to -0.5% compared to previous figure 0.1% in Q4 Source: Cabinet Office
🇯🇵 Japan GDP (12-mth) in Q1 flash estimate dropped to -2% compared to previous figure 0.4% in Q4
🇺🇸 U.S. CPI Inflation Rate (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics
🇺🇸 U.S. Monthly Retail Trade (1-mth) in April dropped to 0% compared to previous figure 0.6, revised from 0.7% in March Source: Census Bureau
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in April dropped to 0.3% compared to previous figure 0.4% in March Source: Bureau of Labor Statistics
🇺🇸 U.S. New York Empire State Manufacturing Index in May dropped to -15.6 points compared to previous figure -14.3 points in April

Latest from X (Twitter)

Tweets by Bank_of_Japan_e

What can we expect from USDJPY today?

USDJPY on Thursday rose 0.38% to 155.37. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 154.13 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 155.54 or trades above daily pivot 154.83. While to the downside, the daily low of 153.59 and 154.13 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 155.54 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: