USDJPY Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.83%	117.6 Pips
Week to-date	0.83%	117.6 Pips
July	-1.35%	-194.5 Pips

Upcoming key events (London Time)

Tue 03:00 PM USD ISM Manufacturing PMI
Wed 01:15 PM USD ADP Non-Farm Employment Change

What happened lately

🇯🇵 Japan Unemployment Rate in June dropped to 2.5% compared to previous figure 2.6% in May Statistics Bureau of Japan

What can we expect from USDJPY today?

USDJPY on Monday rose 0.83% to 142.32. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 143.11 with break above could target R2 at 143.9. While towards the downside, we are looking at daily low of 140.69 as an important support. Break below this level could weaken the current bullish momentum. A break above 142.69 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 0.83% over the past few days.

USDJPY ended month of July trading session down by -1.35% or -194.5 pips lower.

Key levels to watch out:

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