USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.18% | -28.4 Pips |  |
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| Week to-date | 0.28% | 42.8 Pips |  |
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| July | -4.38% | -704.3 Pips | |
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Upcoming key events (London Time)
Wed 04:00 AM JPY Bank of Japan Short-Term Policy Interest Rate
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
What happened lately
No major activities.
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What can we expect from USDJPY today?
USDJPY on Monday dropped -0.18% to 153.86. 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 153.13 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 154.35 or trades above daily pivot 153.74. While to the downside, the daily low of 153.01 and 153.13 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 153.01 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 | 155.82 |
| R2 | 155.08 |
| R1 | 154.47 |
| Daily Pivot | 153.74 |
| S1 | 153.13 |
| S2 | 152.4 |
| S3 | 151.79 |