USDJPY on Tuesday rose 0.82% to 132.36. Pair in consolidation. What we know.

USDJPY on Tuesday rose 0.82% to 132.36. Pair in consolidation. What we know.

USDJPY Analysis

Open High Low Close
131.39 132.63 131.01 132.36

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.82% 108.1 Pips
Week to-date 0.42% 55.8 Pips
March -2.79% -380.1 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference

What happened lately

No major activities.

USDJPY Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.82% to 132.36. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 131.37033 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 132.63 or trades above daily pivot 132.00067. While to the downside, the daily low of 131.01 and 131.37033 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 132.63 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 134.61233
R2 133.62167
R1 132.99133
Daily Pivot 132.00067
S1 131.37033
S2 130.37967
S3 129.74933

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