USDJPY on Tuesday rose 0.81% to 157.71. End April up by 4.23% or 640.3 pips higher. What we know.

USDJPY Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.81%	127.3 Pips
Week to-date	-0.37%	-59 Pips
April	4.23%	640.3 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in February rose to 1.2% compared to previous figure -0.1% in January
🇯🇵 Japan Retail Trade seasonal adjustment (1-mth) in March dropped to -1.2% compared to previous figure 1.5% in February Source: METI
🇯🇵 Japan Large Retailer Sales in March dropped to 7% compared to previous figure 8% in February Source: METI
🇯🇵 Japan Retail Trade (12-mth) in March dropped to 1.2% compared to previous figure 4.7, revised from 4.6% in February Source: METI
🇯🇵 Japan Unemployment Rate in March unchanged at 2.6% compared to previous report in February. Source: Statistics Bureau of Japan

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What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.81% to 157.71. Price is above 9-Day EMA while Stochastic is falling.

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 158.32 with break above could target R2 at 158.92. While towards the downside, we are looking at daily low of 156.16 as an important support. Break below this level could weaken the current bullish momentum. A break above 157.85 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is mixed as compared to prior week.

USDJPY ended month of April trading session up by 4.23% or 640.3 pips higher.

Key levels to watch out: