USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.18% | 24 Pips |  |
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| Week to-date | 0.06% | 7.9 Pips | |
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| May | -0.96% | -130.7 Pips |  |
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Upcoming key events (London Time)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday rose 0.18% to 135.06. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 134.71 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 135.25 or trades above daily pivot 134.98. While to the downside, the daily low of 134.64 and 134.71 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 135.25 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 | 135.95 |
| R2 | 135.6 |
| R1 | 135.33 |
| Daily Pivot | 134.98 |
| S1 | 134.71 |
| S2 | 134.37 |
| S3 | 134.1 |
You might be interested in:
Minutes of the Monetary Policy Meeting on March 9 and 10, 2023. Bank of Japan
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