USDJPY Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.31% | 44.5 Pips |  |
||
| Week to-date | 0.04% | 6.101 Pips |  |
||
| September | -1.62% | -234.3 Pips |  |
||
Upcoming key events (London Time)
Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
What happened lately
🇺🇸 The U.S. Consumer Price Index (CPI) inflation rate for August remained steady at 0.2%, unchanged from the rate reported in July. Source: Bureau of Labor Statistics 🇺🇸 The U.S. CPI inflation rate over 12-month period for August decreased to 2.5% from 2.9% in July. Source: Bureau of Labor Statistics
Latest from X (Twitter)
What can we expect from USDJPY today?
USDJPY on Wednesday rose 0.31% to 142.55. 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 143.19 with break above could target R2 at 143.84. While towards the downside, we are looking at daily low of 140.70 as an important support. Break below this level could weaken the current bullish momentum. A break above 142.59 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 | 145.08 |
| R2 | 143.84 |
| R1 | 143.19 |
| Daily Pivot | 141.95 |
| S1 | 141.3 |
| S2 | 140.06 |
| S3 | 139.41 |