USDJPY on Thursday rose 0.09% to 153.72. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.09%	13.2 Pips
Week to-date	-2.37%	-372.8 Pips
July	-4.48%	-721.3 Pips

Upcoming key events (London Time)

Fri 12:30 AM JPY Tokyo CPI (Inflation Rate) (12-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. GDP annual rate in the Q2 flash estimate rose to 2.8%, compared to the previous figure of 1.4% in Q1. Source: Bureau of Economic Analysis
🇺🇸 U.S. Durable Goods – New Orders in June dropped to -6.6% from 0.1% in May. Source: Census Bureau
🇺🇸 U.S. Durable Goods Orders excluding Transportation rose to 0.5% in June compared to -0.1% in May. Source: Census Bureau
🇺🇸 In the week ending 20 July, U.S. Initial Unemployment Insurance Claims dropped to 235K compared to previous figure 245K (revised from 243K) Source: Department of Labor
🇺🇸 U.S. New-Home Sales Change (1-mth) in June improved to -0.6% from a revised -14.9% in May.

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What can we expect from USDJPY today?

USDJPY on Thursday rose 0.09% to 153.72. 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 152.33 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 154.32 or trades above daily pivot 153.32. While to the downside, the daily low of 151.94 and 152.33 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 154.32 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bearish as the pair posted lower by -2.37%.

Key levels to watch out: