USDJPY on Monday rose 0.43% to 144.25. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.43%	61.1 Pips
Week to-date	0.42%	60.6 Pips
August	-3.67%	-549.5 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Durable Goods Orders excluding Transportation in July dropped to -0.2% from the revised June figure of 0.4%, which was initially reported as 0.5%. Source: Census Bureau
U.S. Durable Goods Orders excluding Defense in July increased to 10.4%, compared to the revised figure of -7.2% (previously -7%) in June. Source: Census Bureau
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in July dropped to -0.1% from a revised 0.9% in June. Source: Census Bureau
🇺🇸 U.S. Durable Goods – New Orders in July rose to 9.9%, compared to the previous figure of -6.7%, revised from -6.6% in June. Source: Census Bureau

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What can we expect from USDJPY today?

USDJPY on Monday rose 0.43% to 144.25. 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 143.57 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 144.65 or trades above daily pivot 144.11. While to the downside, the daily low of 143.44 and 143.57 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 144.65 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: