USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 1.07% | 141.6 Pips |  |
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| Week to-date | 1.07% | 141.6 Pips |  |
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| April | 0.56% | 74.6 Pips | |
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Upcoming key events (London Time)
Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday rose 1.07% to 133.55. Price is above 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 134.29 with break above could target R2 at 135.03. While towards the downside, we are looking at daily low of 131.99 as an important support. Break below this level could weaken the current bullish momentum. A break above 133.88 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 | 136.18 |
| R2 | 135.03 |
| R1 | 134.29 |
| Daily Pivot | 133.14 |
| S1 | 132.4 |
| S2 | 131.25 |
| S3 | 130.51 |
You might be interested in:
Consumer Confidence Survey. Cabinet Office Balance of Payments, February 2023 (Preliminary). Ministry of Finance
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