USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.79% | -123.7 Pips |  |
||
| Week to-date | -1.54% | -242.4 Pips | |
||
| June | -1.54% | -242.4 Pips |  |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Factory Orders (1-mth) in April unchanged at 0.7% compared to previous report in March. Source: Census Bureau 🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in April dropped to 8.059M compared to previous figure 8.355, revised from 8.488M in March Source: Bureau of Labor Statistics
Latest from X (Twitter)
What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.79% to 154.87. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at 154.11 (S1) with break below could see further selling pressure towards 153.35 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 156.48 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 154.54 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -1.54%.
Key levels to watch out:
| R3 | 158 |
| R2 | 157.24 |
| R1 | 156.05 |
| Daily Pivot | 155.3 |
| S1 | 154.11 |
| S2 | 153.35 |
| S3 | 152.17 |
