USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.94% | -137.799 Pips |  |
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| Week to-date | -0.71% | -102.8 Pips | |
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| August | -3.46% | -518.8 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 Tuesday dropped -0.94% to 144.51. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 143.58 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 146.37 or trades above daily pivot 144.97. While to the downside, the daily low of 144.04 and 143.58 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 144.04 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:
| R3 | 148.23 |
| R2 | 147.3 |
| R1 | 145.91 |
| Daily Pivot | 144.97 |
| S1 | 143.58 |
| S2 | 142.64 |
| S3 | 141.25 |