USDJPY Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.99% | 144.1 Pips |  |
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| Week to-date | 1.41% | 204.6 Pips |  |
||
| August | -1.41% | -211.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 In the week ending 03 August, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 250K (revised from 249K) Source: Department of Labor
🇯🇵 Japan’s non-seasonally adjusted current account in June dropped to 1533.5¥ from 2849.9¥ in May.
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What can we expect from USDJPY today?
USDJPY on Thursday rose 0.99% to 147.63. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 148.49 with break above could target R2 at 149.35. While towards the downside, we are looking at daily low of 145.41 as an important support. Break below this level could weaken the current bullish momentum. A break above 147.81 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 | 150.89 |
| R2 | 149.35 |
| R1 | 148.49 |
| Daily Pivot | 146.95 |
| S1 | 146.09 |
| S2 | 144.55 |
| S3 | 143.69 |