|Performance after Monday|
|Week to-date||-0.16%||-23.4 Pips|
Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:00 PM USD FOMC Economic Projections
Wed 07:00 PM USD Interest Rate Projections
Wed 07:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday dropped -0.16% to 147.60. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 147.46 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 147.88 or trades above daily pivot 147.67. While to the downside, the daily low of 147.53 and 147.46 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 147.53 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out: