USDJPY by TradingView
| Monday | |||
| Open | High | Low | Close |
| 135.00 | 135.05 | 132.28 | 133.21 |
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -1.31% | -176.8 Pips |  |
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| Week to-date | -1.31% | -176.8 Pips | |
||
| March | -2.13% | -289 Pips | |
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Upcoming key events (London Time)
Tue 12:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth)
Tue 11:50 PM JPY Bank of Japan Monetary Policy Meeting Minutes Wed 12:30 PM USD Retail Sales (1-mth) Wed 12:30 PM USD Retail Control Group
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday dropped -1.31% to 133.21. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at 131.98 (S1) with break below could see further selling pressure towards 130.74 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 135.05 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 132.28 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -1.31%.
Key levels to watch out:
| R3 | 137.52 |
| R2 | 136.28 |
| R1 | 134.75 |
| Daily Pivot | 133.51 |
| S1 | 131.98 |
| S2 | 130.74 |
| S3 | 129.21 |
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