USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.38% | 54.7 Pips |  |
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| Week to-date | 0.38% | 54.7 Pips |  |
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| December | -3.7% | -548.8 Pips |  |
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Upcoming key events (London Time)
Tue 03:00 AM JPY Bank of Japan Short-Term Policy Interest Rate Tue 03:00 AM JPY Bank of Japan Monetary Policy Statement Tue 06:00 AM JPY Bank of Japan Press Conference
What happened lately
No major activities.
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What can we expect from USDJPY today?
USDJPY on Monday rose 0.38% to 142.69. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 143.21 with break above could target R2 at 143.73. While towards the downside, we are looking at daily low of 142.07 as an important support. Break below this level could weaken the current bullish momentum. A break above 143.16 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 | 144.3 |
| R2 | 143.73 |
| R1 | 143.21 |
| Daily Pivot | 142.64 |
| S1 | 142.12 |
| S2 | 141.55 |
| S3 | 141.03 |
