USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.86% | 121 Pips |  |
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| Week to-date | 0.76% | 107.8 Pips |  |
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| January | 0.76% | 107.8 Pips | |
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Wed 07:00 PM USD FOMC Meeting Minutes
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What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.86% to 142.08. 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 142.5 with break above could target R2 at 142.92. While towards the downside, we are looking at daily low of 141.09 as an important support. Break below this level could weaken the current bullish momentum. A break above 142.22 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 | 143.62 |
| R2 | 142.92 |
| R1 | 142.5 |
| Daily Pivot | 141.79 |
| S1 | 141.37 |
| S2 | 140.67 |
| S3 | 140.25 |
