USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.43% | 66.2 Pips |  |
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| Week to-date | 0.43% | 66.2 Pips |  |
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| May | -0.9% | -141.9 Pips |  |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
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What can we expect from USDJPY today?
USDJPY on Monday rose 0.43% to 156.28. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 156.56 with break above could target R2 at 156.84. While towards the downside, we are looking at daily low of 155.49 as an important support. Break below this level could weaken the current bullish momentum. A break above 156.31 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 | 157.38 |
| R2 | 156.84 |
| R1 | 156.56 |
| Daily Pivot | 156.03 |
| S1 | 155.75 |
| S2 | 155.21 |
| S3 | 154.93 |
