USDJPY on Wednesday dropped 0% to 144.45. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Wednesday
Wednesday0%0.7 Pips
Week to-date0.13%18.6 Pips
July0.13%18.6 Pips

Upcoming key events (London Time)

Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Wednesday dropped 0% to 144.45. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 144.1 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 144.73 or trades above daily pivot 144.42. While to the downside, the daily low of 144.07 and 144.1 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 144.07 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:

Daily Pivot144.42

You might be interested in:

Minutes of the Federal Open Market Committee, June 13-14, 2023. Federal Reserve
Quarterly GDP bulletin. Cabinet Office
Construction Spending. Census Bureau
Tankan (June): Comprehensive Data Set. Bank of Japan
Tankan (June): Summary and Outline. Bank of Japan

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