USDJPY on Wednesday dropped -0.4% to 133.11. Pair in consolidation. What we know.
USDJPY Analysis
Performance after Wednesday | |||||
Period | Pct | Chg | Momentum | ||
Wednesday | -0.4% | -53 Pips | ![]() | ||
Week to-date | 0.81% | 106.4 Pips | ![]() | ||
April | 0.3% | 40.4 Pips | ![]() |
Upcoming key events (London Time)
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar
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What happened lately
📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February. Bureau of Labor Statistics
What can we expect from USDJPY today?
USDJPY on Wednesday dropped -0.4% to 133.11. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 132.55 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 134.05 or trades above daily pivot 133.3. While to the downside, the daily low of 132.73 and 132.55 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 132.73 would indicate selling pressure.
For the week to-date, take note that USDJPY is mixed as compared to prior week.
Key levels to watch out:
R3 | 135.18 |
R2 | 134.61 |
R1 | 133.86 |
Daily Pivot | 133.3 |
S1 | 132.55 |
S2 | 131.98 |
S3 | 131.23 |
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve
CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications
Machinery Orders. Cabinet Office
Monthly Wholesale Trade: Sales and Inventories. Census Bureau
Consumer Confidence Survey. Cabinet Office
Balance of Payments, February 2023 (Preliminary). Ministry of Finance
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