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USDJPY on Wednesday dropped -0.27% to 144.39. Pair in consolidation. What we know.
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Wednesday
Open High Low Close
144.71 144.85 143.88 144.39
Performance after Wednesday
Period Pct Chg Momentum
Wednesday -0.27% -39.2 Pips
Week to-date 0.75% 106.8 Pips
September 3.83% 532.3 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD Gross Domestic Product Annualized

What happened lately

📆 🇺🇸 USD Pending Home Sales (MoM) in August exceed forecast and dropped to -2% compared to previous figure -0.6, revised from -1% in July. Source
📆 🇺🇸 USD Housing Price Index (MoM) in July below forecast and dropped to -0.6% compared to previous figure 0.1% in June. Source
📆 🇺🇸 USD S&P/Case-Shiller Home Price Indices (YoY) in July below forecast and dropped to 16.1% compared to previous figure 18.7, revised from 18.6% in June. Source
📆 ☢️ 🇺🇸 USD Durable Goods Orders in August below forecast and dropped to -0.2% compared to previous figure -0.1, revised from 0% in July. Source
📆 🇺🇸 USD Chicago Fed National Activity Index in August below forecast and dropped to 0 points compared to previous figure 0.29, revised from 0.27 points in July. Source


What can we expect from USDJPY today?

USDJPY on Wednesday dropped -0.27% to 144.39. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 143.89 (S1).

Looking ahead today, we are looking at 144.90 or 144.87 (R1) as important resistance level while to the downside, the daily low of 143.88 and 143.89 (S1) as key support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 143.88 would indicate selling pressure.

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 145.84
R2 145.35
R1 144.87
Daily Pivot 144.37
S1 143.89
S2 143.40
S3 142.92

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Last updated: 12:38 am UTC, 29-Sep 2022

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