USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.1% | -15.5 Pips |  |
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| Week to-date | -0.15% | -22.4 Pips | |
||
| February | 2.09% | 306.8 Pips |  |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
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What can we expect from USDJPY today?
USDJPY on Tuesday dropped -0.1% to 149.96. 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 149.61 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 150.44 or trades above daily pivot 150.02. While to the downside, the daily low of 149.68 and 149.61 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 149.68 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 | 151.13 |
| R2 | 150.78 |
| R1 | 150.37 |
| Daily Pivot | 150.02 |
| S1 | 149.61 |
| S2 | 149.27 |
| S3 | 148.85 |
