USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.17% | -25.3 Pips |  |
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| Week to-date | -0.36% | -52.499 Pips | |
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| August | -3.13% | -468.8 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇯🇵 In June, Labor Cash Earnings (12-mth) increased to 4.5% from the previously revised figure of 2% (up from 1.9%).
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What can we expect from USDJPY today?
USDJPY on Monday dropped -0.17% to 145.08. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at 142.53 (S1) with break below could see further selling pressure towards 139.97 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 145.94 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 141.68 would indicate selling pressure.
For the week to-date, take note that USDJPY is bearish as the pair posted lower by -0.36%.
Key levels to watch out:
| R3 | 151.05 |
| R2 | 148.49 |
| R1 | 146.78 |
| Daily Pivot | 144.23 |
| S1 | 142.53 |
| S2 | 139.97 |
| S3 | 138.26 |