USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.26% | -41.1 Pips |  |
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| Week to-date | -1.07% | -167.8 Pips |  |
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| June | -1.07% | -167.8 Pips | |
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Upcoming key events (London Time)
Fri 01:30 PM USD Nonfarm Payroll Employment Fri 01:30 PM USD Average Hourly Earnings (12-mth)
What happened lately
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q1 dropped to 0.2% compared to previous figure 0.3% in Q4 Source: Bureau of Labor Statistics
🇯🇵 Japan Labor Cash Earnings (12-mth) in April rose to 2.1% compared to previous figure 0.6% in March
Latest from X (Twitter)
What can we expect from USDJPY today?
USDJPY on Thursday dropped -0.26% to 155.61. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 155.16 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 156.44 or trades above daily pivot 155.8. While to the downside, the daily low of 155.35 and 155.16 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 155.35 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -1.07%.
Key levels to watch out:
| R3 | 157.35 |
| R2 | 156.9 |
| R1 | 156.25 |
| Daily Pivot | 155.8 |
| S1 | 155.16 |
| S2 | 154.71 |
| S3 | 154.06 |
