|Performance after Thursday|
|Week to-date||-0.23%||-33.9 Pips|
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Producer Price Index (12-mth) in August exceed forecast and rose to 1.6% compared to previous figure 0.8% in July
🇺🇸 U.S. Monthly Retail Trade (1-mth) in August exceed forecast and rose to 0.6% compared to previous figure 0.5, revised from 0.7% in July Census Bureau
🇺🇸 U.S. Monthly Budget Statement in August exceed forecast and rose to 89$ compared to previous figure -221$ in July Bureau of the Fiscal Service
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in August dropped to 4.3% compared to previous figure 4.7% in July Bureau of Labor Statistics
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.07% to 147.47. 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 147.13 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 147.57 or trades above daily pivot 147.35. While to the downside, the daily low of 147.01 and 147.13 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 147.57 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: