USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.8% | -106.4 Pips |  |
||
| Week to-date | -0.33% | -43.7 Pips |  |
||
| March | -3.53% | -480.6 Pips | |
||
Upcoming key events (London Time)
Fri 12:30 PM USD Durable Goods Orders Fri 12:30 PM USD Nondefense Capital Goods excluding Aircraft
What happened lately
📆 ☢️ 🇺🇸 USD Fed Interest Rate Decision (Federal Funds Rate) rose to 5% compared to previous rate 4.75%. Source
What can we expect from USDJPY today?
USDJPY on Wednesday dropped -0.8% to 131.37. 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 130.56 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 133.00 or trades above daily pivot 131.78. While to the downside, the daily low of 130.97 and 130.56 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 130.97 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.33%.
Key levels to watch out:
| R3 | 134.62 |
| R2 | 133.81 |
| R1 | 132.59 |
| Daily Pivot | 131.78 |
| S1 | 130.56 |
| S2 | 129.75 |
| S3 | 128.53 |
You might be interested in:
Federal Reserve Board and Federal Open Market Committee release economic projections from the March 21-22 FOMC meeting Source: Federal Reserve Federal Reserve issues FOMC statement Source: Federal Reserve Quarterly Financial Report Source: Census Bureau Quarterly Financial Report – Retail Source: Census Bureau
Summary of Opinions at the Monetary Policy Meeting on March 9 and 10, 2023 Source: Bank of Japan Coordinated central bank action to enhance the provision of U.S. dollar liquidity Source: Federal Reserve
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
