USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.42% | -56.3 Pips |  |
||
| Week to-date | 0.27% | 35.5 Pips |  |
||
| April | -0.23% | -30.1 Pips |  |
||
Upcoming key events (London Time)
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar Fri 03:00 PM USD Michigan Index of Consumer Sentiment | Apr flash
What happened lately
🇺🇸 📆 USD In the week ending 08 April, the Initial Unemployment Insurance Claims rose to 239K compared to previous figure 228K Department of Labor
📆 🇨🇳 CNY Trade Balance in USD | Mar in March exceed forecast and dropped to 88.19$ compared to previous figure 116.8$ in February 📆 🇺🇸 USD Monthly Budget Statement | Mar in March exceed forecast and dropped to -378$ compared to previous figure -262$ in February. 📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February Bureau of Labor Statistics
What can we expect from USDJPY today?
USDJPY on Thursday dropped -0.42% to 132.55. Price is neutral near 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at 131.91 (S1) with break below could see further selling pressure towards 131.27 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 133.39 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 132.01 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 134.68 |
| R2 | 134.04 |
| R1 | 133.29 |
| Daily Pivot | 132.65 |
| S1 | 131.91 |
| S2 | 131.27 |
| S3 | 130.53 |
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications
Machinery Orders. Cabinet Office
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
