USDJPY on Thursday dropped -0.04% to 143.47. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.04%	-6.001 Pips
Week to-date	-0.37%	-53.1 Pips
September	-0.98%	-142.1 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Unit Labor Costs in Q2 decreased to 0.4% from 0.9% in Q1. Source: Bureau of Labor Statistics
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q2 rose to 2.5%, up from 2.3% in Q1. Source: Bureau of Labor Statistics
🇺🇸 In the week ending 31 August, U.S. Initial Unemployment Insurance Claims dropped to 227K compared to previous figure 231K Source: Department of Labor
🇯🇵 Japan Total Labor Cash Earnings (12-mth) in July dropped to 3.6% from the previous figure of 4.5% in June. Source: MHLW
🇺🇸 U.S. Factory Orders (1-mth) in July rose to 5%, compared to the previous figure of -3.3% in June. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M, compared to the previous figure of 7.91M revised from 8.184M in June. Source: Bureau of Labor Statistics

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What can we expect from USDJPY today?

USDJPY on Thursday dropped -0.04% to 143.47. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 143.04 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 143.90 or trades above daily pivot 143.47. While to the downside, the daily low of 143.04 and 143.04 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 143.04 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: