USDJPY on Tuesday rose 0.42% to 140.17. What we know.
|Performance after Tuesday|
|Week to-date||0.59%||82.3 Pips|
Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections
Thu 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. CPI Inflation Rate (12-mth) in May below forecast and dropped to 4% compared to previous figure 4.9% in April Bureau of Labor Statistics
🇺🇸 U.S. Monthly Budget Statement in May exceed forecast and dropped to -240$ compared to previous figure 176$ in April Bureau of the Fiscal Service
What can we expect from USDJPY today?
USDJPY on Tuesday rose 0.42% to 140.17. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 140.65 with break above could target R2 at 141.13. While towards the downside, we are looking at daily low of 139.00 as an important support. Break below this level could weaken the current bullish momentum. A break above 140.31 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:
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