USDJPY on Thursday rose 0.03% to 140.16. What we know.

USDJPY Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.03%4.9 Pips
Week to-date0.58%80.2 Pips
June0.62%85.8 Pips

Upcoming key events (London Time)

Fri 04:00 AM JPY Bank of Japan Short-Term Policy Interest Rate
Fri 07:00 AM JPY Bank of Japan Press Conference
Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 10 June, Initial Unemployment Insurance Claims in U.S. was unchanged at 262K compared to previous figure 262K (revised from 261K) Department of Labor
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June below forecast and dropped to -13.7 points compared to previous figure -10.4 points in May
🇺🇸 U.S. Monthly Retail Trade (1-mth) in May exceed forecast and dropped to 0.3% compared to previous figure 0.4, revised from 0.4% in April Census Bureau
🇯🇵 Japan Imports (12-mth) in May exceed forecast and dropped to -9.9% compared to previous figure -2.3% in April Ministry of Finance Japan
🇯🇵 Japan Merchandise Trade Balance Total in May exceed forecast and dropped to -1372.5¥ compared to previous figure -432.3, revised from -432.4¥ in April Ministry of Finance Japan
🇯🇵 Japan Exports (12-mth) in May exceed forecast and dropped to 0.6% compared to previous figure 2.6% in April Ministry of Finance Japan
🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve


USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Thursday rose 0.03% to 140.16. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDJPY looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 141.13 with break above could target R2 at 142.1. While towards the downside, we are looking at daily low of 139.94 as an important support. Break below this level could weaken the current bullish momentum. A break above 141.50 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:

R3142.69
R2142.1
R1141.13
Daily Pivot140.53
S1139.56
S2138.97
S3137.99

You might be interested in:

Advanced Monthly Sales for Retail and Food Services. Census Bureau
Monthly Report on the Current Survey of Commerce (April 2023). Ministry of Economy, Trade and Industry
Report on Indices of Tertiary Industry Activity (April 2023). Ministry of Economy, Trade and Industry
Machinery Orders. Cabinet Office
Trade Statistics (May 2023 [Provisional]). Ministry of Finance
Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve
Federal Reserve issues FOMC statement. Federal Reserve
CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics
Business Outlook Survey. Cabinet Office

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