USDJPY on Monday rose 0.51% to 142.44. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Monday
Monday0.51%72.8 Pips
Week to-date0.52%73.5 Pips
August0.14%19.5 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Monday rose 0.51% to 142.44. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 141.77 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 142.58 or trades above daily pivot 142.18. While to the downside, the daily low of 141.51 and 141.77 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 142.58 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:

Daily Pivot142.18

You might be interested in:

Trade Statistics (First 20 Days of July 2023 [Provisional]). Ministry of Finance
Summary of Opinions at the Monetary Policy Meeting on July 27 and 28, 2023. Bank of Japan

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