USDJPY on Tuesday rose 0.52% to 143.23. What we know.

USDJPY Analysis

Performance after Tuesday
Tuesday0.52%74.4 Pips
Week to-date1.07%151.9 Pips
August0.69%97.9 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD CPI Inflation Rate (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.52% to 143.23. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 143.66 with break above could target R2 at 144.1. While towards the downside, we are looking at daily low of 142.45 as an important support. Break below this level could weaken the current bullish momentum. A break above 143.49 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 Pivot143.06

You might be interested in:

U.S. International Trade in Goods and Services. Census Bureau
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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