|Week 2022-06-07||1.46%||191.5 Pips|
Upcoming Key Events (London Time)
Wednesday 12:50 AM JPY Gross Domestic Product (quarter)
Tuesday 12:30 AM JPY Overall Household Spending (YoY) in April improved to -1.7% compared to previous figure -2.3%. Source
Tuesday 01:30 PM USD Goods and Services Trade Balance in April rose to -87.08$ compared to previous figure -107.7 (revised from -109.8)$. Source
What Can We Expect From USDJPY Today?
USDJPY on Tuesday rose 0.67% to 132.78. Price is above 9-Day EMA. Stochastic is rising.
Updated daily direction for USDJPY is bullish as the pair ended higher after Tuesday trading session.
Looking ahead today, immediate upside resistance level at 133.00. On the downside, we are looking at daily low of 132.06 as an important support for the current bullish momentum. Break below this level could cast uncertainty to the price direction.
Updated weekly direction for USDJPY is bullish as the pair continued to trade higher in the past few days.