USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.37% | 47.9 Pips |  |
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| Week to-date | -0.82% | -108.7 Pips | |
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| April | -0.82% | -108.8 Pips |  |
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Upcoming key events (London Time)
Fri 06:00 AM USD Good Friday 
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar
What happened lately
📆 🇯🇵 JPY Overall Household Spending (12-mth) | Feb in February below forecast and rose to 1.6% compared to previous figure -0.3% in January. 🇺🇸 📆 USD In the week ending 01 April, the Initial Unemployment Insurance Claims rose to 228K compared to previous figure 198K. Department of Labor 📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February. 📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January.
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.37% to 131.71. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 131.01 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 131.92 or trades above daily pivot 131.47. While to the downside, the daily low of 130.77 and 131.01 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 131.92 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 | 133.32 |
| R2 | 132.62 |
| R1 | 132.17 |
| Daily Pivot | 131.47 |
| S1 | 131.01 |
| S2 | 130.31 |
| S3 | 129.86 |
You might be interested in:
Trade Statistics (First 20 Days of March 2023 [Provisional]). Ministry of Finance
U.S. International Trade in Goods and Services, February 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau Manufacturers’ Shipments, Inventories, and Orders. Census Bureau February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications Tankan (Mar.): Comprehensive Data Set. Bank of Japan
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