USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.87% | 126.1 Pips |  |
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| Week to-date | 0.87% | 126.1 Pips |  |
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| December | -1.36% | -202.2 Pips |  |
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Upcoming key events (London Time)
Tue 01:30 PM USD CPI Inflation Rate (12-mth) Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
What happened lately
No major activities.
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What can we expect from USDJPY today?
USDJPY on Monday rose 0.87% to 146.15. Price is below 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 146.87 with break above could target R2 at 147.59. While towards the downside, we are looking at daily low of 144.86 as an important support. Break below this level could weaken the current bullish momentum. A break above 146.59 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 | 148.6 |
| R2 | 147.59 |
| R1 | 146.87 |
| Daily Pivot | 145.87 |
| S1 | 145.15 |
| S2 | 144.14 |
| S3 | 143.42 |
