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USDJPY on Monday dropped -0.11% to 140.44. Pair in consolidation. What we know.

USDJPY on Monday dropped -0.11% to 140.44. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.11% -15.4 Pips
Week to-date -0.11% -15.4 Pips
May 3.08% 420.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.


USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Monday dropped -0.11% to 140.44. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 140.06 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 140.92 or trades above daily pivot 140.49. While to the downside, the daily low of 140.11 and 140.06 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 140.11 would indicate selling pressure.

For the week to-date, take note that USDJPY is mixed as compared to prior week.

Key levels to watch out:

R3 141.68
R2 141.3
R1 140.87
Daily Pivot 140.49
S1 140.06
S2 139.68
S3 139.25

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Trade Statistics (First 10 Days of May 2023 [Provisional]). Ministry of Finance

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