USDJPY on Monday rose 0.67% to 137.51. What we know.

USDJPY Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.67%	91.901 Pips
Week to-date	0.93%	127.1 Pips
April	0.92%	125.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from USDJPY today?

USDJPY on Monday rose 0.67% to 137.51. Price is above 9-Day EMA while Stochastic is rising.

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 137.95 with break above could target R2 at 138.39. While towards the downside, we are looking at daily low of 136.25 as an important support. Break below this level could weaken the current bullish momentum. A break above 137.54 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bullish as the pair continued to trade higher and is up by 0.93% over the past few days.

Key levels to watch out:

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