USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.43% | 63.5 Pips |  |
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| Week to-date | 0.84% | 122.8 Pips |  |
||
| March | -1.14% | -171.3 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Monthly Retail Trade (1-mth) in February rose to 0.6% compared to previous figure -0.8% in January Source: Census Bureau 🇺🇸 U.S. PPI excluding Food and Energy sectors (12-mth) in February unchanged at 2% compared to previous report in January.
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What can we expect from USDJPY today?
USDJPY on Thursday rose 0.43% to 148.26. Price is below 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 148.6 with break above could target R2 at 148.94. While towards the downside, we are looking at daily low of 147.43 as an important support. Break below this level could weaken the current bullish momentum. A break above 148.36 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 | 149.53 |
| R2 | 148.94 |
| R1 | 148.6 |
| Daily Pivot | 148.01 |
| S1 | 147.67 |
| S2 | 147.08 |
| S3 | 146.74 |
