USDJPY on Tuesday rose 0.26% to 133.61. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Tuesday
Tuesday0.26%35.2 Pips
Week to-date1.12%147.5 Pips
April0.6%79.3 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.26% to 133.61. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 133.11 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 133.81 or trades above daily pivot 133.46. While to the downside, the daily low of 132.96 and 133.11 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 133.81 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:

Daily Pivot133.46

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Balance of Payments, February 2023 (Preliminary). Ministry of Finance

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