USDJPY on Wednesday rose 0.68% to 155.86. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.68%	105 Pips
Week to-date	-0.91%	-143.3 Pips
June	-0.91%	-143.3 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 01:30 PM USD Average Hourly Earnings (12-mth)

What happened lately

🇯🇵 Japan Labor Cash Earnings (12-mth) in April rose to 2.1% compared to previous figure 0.6% in March
🇺🇸 U.S. Factory Orders (1-mth) in April unchanged at 0.7% compared to previous report in March. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in April dropped to 8.059M compared to previous figure 8.355, revised from 8.488M in March Source: Bureau of Labor Statistics

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What can we expect from USDJPY today?

USDJPY on Wednesday rose 0.68% to 155.86. 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 155.12 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 156.49 or trades above daily pivot 155.8. While to the downside, the daily low of 155.07 and 155.12 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 156.49 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.91%.

Key levels to watch out: