USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.11% | 16.6 Pips |  |
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| Week to-date | 0.27% | 41.6 Pips | |
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| June | -0.08% | -12.2 Pips |  |
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Wed 01:30 PM USD CPI Inflation Rate (12-mth) Wed 01:30 PM USD CPI Inflation Rate (1-mth) Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 07:00 PM USD Interest Rate Projections Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
What happened lately
No major activities.
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.11% to 157.17. 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 156.85 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 157.40 or trades above daily pivot 157.12. While to the downside, the daily low of 156.80 and 156.85 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 157.40 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 | 158.05 |
| R2 | 157.72 |
| R1 | 157.45 |
| Daily Pivot | 157.12 |
| S1 | 156.85 |
| S2 | 156.52 |
| S3 | 156.25 |
