USDJPY on Thursday rose 0.13% to 160.73. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.13%	20.301 Pips
Week to-date	0.55%	87.201 Pips
June	2.41%	378 Pips

Upcoming key events (London Time)

Fri 12:30 AM JPY Tokyo CPI (Inflation Rate) (12-mth)
Fri 02:00 AM USD Presidential Debate
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇯🇵 Japan Tokyo CPI excluding fresh food and energy (12-mth) in June dropped to 1.8% compared to previous figure 2.2% in May Source: Statistics Bureau of Japan
🇯🇵 Japan Unemployment Rate in May unchanged at 2.6% compared to previous report in April. Source: Statistics Bureau of Japan
🇯🇵 Japan Tokyo CPI excluding fresh food (12-mth) in June rose to 2.1% compared to previous figure 1.9% in May Source: Statistics Bureau of Japan
🇺🇸 U.S. Gross Domestic Product Price Index in Q1 unchanged at 3.1% compared to previous report in Q4. Source: Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 rose to 3.7% compared to previous figure 3.6% in Q4 Source: Bureau of Economic Analysis
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in May dropped to -0.6% compared to previous figure 0.2, revised from 0.3% in April Source: Census Bureau
🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q1 rose to 3.4% compared to previous figure 3.3% in Q4 Source: Bureau of Economic Analysis
🇺🇸 In the week ending 22 June, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 238K Source: Department of Labor
🇺🇸 U.S. Durable Goods Orders excluding Transportation in May dropped to -0.1% compared to previous figure 0.4% in April Source: Census Bureau
🇺🇸 U.S. Durable Goods Orders excluding Defense in May dropped to -0.2% compared to previous figure 0% in April Source: Census Bureau
🇯🇵 Japan Retail Trade (12-mth) in May rose to 3% compared to previous figure 2, revised from 2.4% in April Source: METI

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What can we expect from USDJPY today?

USDJPY on Thursday rose 0.13% to 160.73. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 160.39 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 160.83 or trades above daily pivot 160.61. While to the downside, the daily low of 160.28 and 160.39 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 160.83 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bullish as the pair continued to trade higher and is up by 0.55% over the past few days.

Key levels to watch out: