USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.04% | -6 Pips |  |
||
| Week to-date | 0.17% | 25.6 Pips |  |
||
| April | 0.17% | 25.6 Pips | |
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Wed 05:10 PM USD Federal Reserve Chair Jerome Powell speech
What happened lately
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in February rose to 8.756M compared to previous figure 8.748, revised from 8.863M in January Source: Bureau of Labor Statistics 🇺🇸 U.S. Factory Orders (1-mth) in February rose to 1.4% compared to previous figure -3.8, revised from -3.6% in January Source: Census Bureau
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What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.04% to 151.56. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 151.41 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 151.80 or trades above daily pivot 151.61. While to the downside, the daily low of 151.46 and 151.41 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 151.46 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
| R3 | 152.09 |
| R2 | 151.95 |
| R1 | 151.75 |
| Daily Pivot | 151.61 |
| S1 | 151.41 |
| S2 | 151.27 |
| S3 | 151.07 |
