USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.22% | -29.3 Pips |  |
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| Week to-date | -0.49% | -65.2 Pips |  |
||
| April | 0.49% | 64.7 Pips |  |
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Upcoming key events (London Time)
Thu 01:30 PM USD GDP Annualized
Fri 04:00 AM JPY Bank of Japan Short-Term Policy Interest Rate Fri 04:00 AM JPY Bank of Japan Monetary Policy Statement Fri 07:00 AM JPY Bank of Japan Press Conference
What happened lately
USD Durable Goods Orders excluding Transportation in March rose to 0.3% compared to previous figure -0.3% (revised from 0%). Census Bureau 🇺🇸 New Residential Sales (1-mth) in March exceed forecast and rose to 0.683M compared to previous figure 0.623, revised from 0.64M in February Census Bureau 🇺🇸 Housing Price Index (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.1, revised from 0.2% in January
What can we expect from USDJPY today?
USDJPY on Wednesday dropped -0.22% to 133.44. 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 132.98 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 133.94 or trades above daily pivot 133.46. While to the downside, the daily low of 133.00 and 132.98 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 133.00 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.49%.
Key levels to watch out:
| R3 | 134.86 |
| R2 | 134.4 |
| R1 | 133.92 |
| Daily Pivot | 133.46 |
| S1 | 132.98 |
| S2 | 132.52 |
| S3 | 132.04 |
You might be interested in:
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau Advance Retail Inventories. Census Bureau Advance U.S. International Trade in Goods. Census Bureau Advance Wholesale Inventories. Census Bureau New Home Sales. Census Bureau
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