USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.25% | 39.4 Pips |  |
||
| Week to-date | 0.11% | 17.9 Pips |  |
||
| June | 0.46% | 71.5 Pips | |
||
Upcoming key events (London Time)
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in June improved to -6 points compared to previous figure -15.6 points in May
Latest from X (Twitter)
What can we expect from USDJPY today?
USDJPY on Monday rose 0.25% to 157.69. Price is above 9-Day EMA while Stochastic is falling.
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 158.05 with break above could target R2 at 158.41. While towards the downside, we are looking at daily low of 157.15 as an important support. Break below this level could weaken the current bullish momentum. A break above 157.96 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 | 158.86 |
| R2 | 158.41 |
| R1 | 158.05 |
| Daily Pivot | 157.6 |
| S1 | 157.24 |
| S2 | 156.79 |
| S3 | 156.43 |
