USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.04% | 6.1 Pips |  |
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| Week to-date | -0.12% | -19.299 Pips |  |
||
| June | 1.73% | 271.5 Pips | |
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What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in April rose to 0.2% compared to previous figure 0.1% in March
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.04% to 159.68. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 159.32 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 159.76 or trades above daily pivot 159.54. While to the downside, the daily low of 159.19 and 159.32 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 159.76 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 | 160.47 |
| R2 | 160.11 |
| R1 | 159.89 |
| Daily Pivot | 159.54 |
| S1 | 159.32 |
| S2 | 158.97 |
| S3 | 158.75 |
