USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.31% | 42.5 Pips |  |
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| Week to-date | 0.52% | 70.4 Pips | |
||
| May | 0.15% | 20.9 Pips |  |
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Upcoming key events (London Time)
Wed 12:50 AM JPY GDP (3-mth)
What happened lately
🇺🇸 Retail Trade Control Group in April rose to 0.7% compared to previous figure -0.4, revised from -0.3% in March Census Bureau
What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.31% to 136.44. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 136.87 with break above could target R2 at 137.29. While towards the downside, we are looking at daily low of 135.65 as an important support. Break below this level could weaken the current bullish momentum. A break above 136.68 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 0.52% over the past few days.
Key levels to watch out:
| R3 | 137.9 |
| R2 | 137.29 |
| R1 | 136.87 |
| Daily Pivot | 136.26 |
| S1 | 135.84 |
| S2 | 135.23 |
| S3 | 134.81 |
You might be interested in:
Quarterly GDP bulletin. Cabinet Office
Advanced Monthly Sales for Retail and Food Services. Census Bureau Monthly Report on the Current Survey of Commerce (March 2023). Ministry of Economy, Trade and Industry
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