USDJPY on Thursday rose 0.12% to 150.46. Winners and losers.

USDJPY Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.12%	18.6 Pips
Week to-date	0.19%	27.9 Pips
February	2.43%	357.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇯🇵 Japan Imports (12-mth) in January dropped to -9.6% compared to previous figure -6.9% (revised from -6.8%) Source: Ministry of Finance Japan
🇯🇵 Japan Exports (12-mth) in January rose to 11.9% compared to previous figure 9.7% (revised from 9.8%) Source: Ministry of Finance Japan
🇯🇵 Japan Merchandise Trade Balance Total in January dropped to -1758.3¥ compared to previous figure 68.9¥ (revised from 62.1¥) Source: Ministry of Finance Japan

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What can we expect from USDJPY today?

USDJPY on Thursday rose 0.12% to 150.46. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 150.76 with break above could target R2 at 151.06. While towards the downside, we are looking at daily low of 150.01 as an important support. Break below this level could weaken the current bullish momentum. A break above 150.69 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: