USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.19% | 25.6 Pips |  |
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| Week to-date | -0.15% | -20.6 Pips |  |
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| April | 0.82% | 109.3 Pips | |
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Upcoming key events (London Time)
Fri 04:00 AM JPY Bank of Japan Short-Term Policy Interest Rate Fri 04:00 AM JPY Bank of Japan Monetary Policy Statement Fri 07:00 AM JPY Bank of Japan Press Conference
What happened lately
USD Pending Home Sales (1-mth) in March rose to 0.8% compared to previous figure 0.8%. 🇺🇸 Core Personal Consumption Expenditures (3-mth) in Q1 preliminary estimate exceed forecast and rose to 4.9% compared to previous figure 4.4% in Q4 Bureau of Economic Analysis 🇺🇸 GDP Annualized in Q1 preliminary estimate below forecast and dropped to 1.1% compared to previous figure 2.6% in Q4 Bureau of Economic Analysis 🇺🇸 In the week ending 22 April, the Initial Unemployment Insurance Claims dropped to 230K compared to previous figure 245K Department of Labor USD Durable Goods Orders excluding Transportation in March rose to 0.3% compared to previous figure -0.3% (revised from 0%). Census Bureau
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.19% to 133.88. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 133.32 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 134.20 or trades above daily pivot 133.76. While to the downside, the daily low of 133.20 and 133.32 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 134.20 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 | 135.32 |
| R2 | 134.76 |
| R1 | 134.32 |
| Daily Pivot | 133.76 |
| S1 | 133.32 |
| S2 | 132.76 |
| S3 | 132.32 |
You might be interested in:
Preliminary Report on Current Survey of Production (March 2023). Ministry of Economy, Trade and Industry Preliminary Report on Indices of Industrial Production (March 2023). Ministry of Economy, Trade and Industry Preliminary Report on the Current Survey of Commerce (March 2023). Ministry of Economy, Trade and Industry
Gross Domestic Product, First Quarter 2023 (Advance Estimate). Bureau of Economic Analysis Trade Statistics (First 10 Days of April 2023 [Provisional]). Ministry of Finance Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau Advance Retail Inventories. Census Bureau Advance U.S. International Trade in Goods. Census Bureau Advance Wholesale Inventories. Census Bureau New Home Sales. Census Bureau
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