USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.09% | 13.399 Pips |  |
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| Week to-date | 0.19% | 27.5 Pips |  |
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| August | -3.65% | -546.9 Pips |  |
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Upcoming key events (London Time)
Thu 01:30 PM USD GDP annual rate
Fri 12:30 AM JPY Tokyo CPI (Inflation Rate) (12-mth) Fri 01:30 PM USD PCE Price Index (excluding food and energy) (1-mth) Fri 01:30 PM USD PCE Price Index (excluding food and energy) (12-mth)
What happened lately
🇺🇸 U.S. House Price Index (1-mth) in June dropped to -0.1% from 0% in May. Source: FHFA
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What can we expect from USDJPY today?
USDJPY on Wednesday rose 0.09% to 144.28. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 144.91 with break above could target R2 at 145.54. While towards the downside, we are looking at daily low of 143.91 as an important support. Break below this level could weaken the current bullish momentum. A break above 145.04 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:
| R3 | 146.04 |
| R2 | 145.54 |
| R1 | 144.91 |
| Daily Pivot | 144.41 |
| S1 | 143.77 |
| S2 | 143.27 |
| S3 | 142.64 |