USDJPY Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.23% | 34.5 Pips |  |
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| Week to-date | 0.23% | 33.2 Pips |  |
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| August | -1.72% | -257.1 Pips |  |
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Upcoming key events (London Time)
Tue 01:30 PM USD PPI excluding Food and Energy sectors (12-mth) Wed 01:30 PM USD CPI Inflation Rate (1-mth) Wed 01:30 PM USD CPI Inflation Rate (12-mth)
What happened lately
🇺🇸 The U.S. Monthly Budget Statement in July dropped to -$244 billion compared to -$66 billion in June. Source: Bureau of the Fiscal Service
Latest from X (Twitter)
What can we expect from USDJPY today?
USDJPY on Monday rose 0.23% to 147.17. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 148.03 with break above could target R2 at 148.89. While towards the downside, we are looking at daily low of 146.69 as an important support. Break below this level could weaken the current bullish momentum. A break above 148.22 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 | 149.56 |
| R2 | 148.89 |
| R1 | 148.03 |
| Daily Pivot | 147.36 |
| S1 | 146.5 |
| S2 | 145.83 |
| S3 | 144.97 |