USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.73% | 107.9 Pips |  |
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| Week to-date | 0.64% | 95 Pips | |
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| February | 1.61% | 236.9 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇯🇵 Japan Current Account non seasonal adjustment in December dropped to 744.3¥ compared to previous figure 1925.6¥ in November
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What can we expect from USDJPY today?
USDJPY on Thursday rose 0.73% to 149.26. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
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 149.85 with break above could target R2 at 150.44. While towards the downside, we are looking at daily low of 147.93 as an important support. Break below this level could weaken the current bullish momentum. A break above 149.48 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 0.64% over the past few days.
Key levels to watch out:
| R3 | 151.4 |
| R2 | 150.44 |
| R1 | 149.85 |
| Daily Pivot | 148.89 |
| S1 | 148.3 |
| S2 | 147.33 |
| S3 | 146.74 |
