USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.82% | 118.7 Pips |  |
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| Week to-date | 0.49% | 70.8 Pips |  |
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| August | -2.31% | -345.2 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇯🇵 Japan’s non-seasonally adjusted current account in June dropped to 1533.5¥ from 2849.9¥ in May. 🇯🇵 In June, Labor Cash Earnings (12-mth) increased to 4.5% from the previously revised figure of 2% (up from 1.9%).
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What can we expect from USDJPY today?
USDJPY on Wednesday rose 0.82% to 146.29. 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 147.95 with break above could target R2 at 149.6. While towards the downside, we are looking at daily low of 144.54 as an important support. Break below this level could weaken the current bullish momentum. A break above 147.90 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 | 151.31 |
| R2 | 149.6 |
| R1 | 147.95 |
| Daily Pivot | 146.25 |
| S1 | 144.59 |
| S2 | 142.89 |
| S3 | 141.23 |