USDJPY on Monday rose 0.06% to 141.93. Pair in consolidation. What you need to know.

USDJPY Analysis

Performance after Monday
Monday0.06%8.199 Pips
Week to-date0.07%9.9 Pips
June1.88%262.5 Pips

Upcoming key events (London Time)

Wed 12:50 AM JPY Bank of Japan Monetary Policy Meeting Minutes

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Monday rose 0.06% to 141.93. 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 141.58 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 142.01 or trades above daily pivot 141.79. While to the downside, the daily low of 141.44 and 141.58 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 142.01 would suggest bullish bias after recent positive movement.

For the week to-date, take note that USDJPY is bullish as the pair continued to trade higher and is up by 0.07% over the past few days.

Key levels to watch out:

Daily Pivot141.79

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