USDJPY on Wednesday rose 0.22% to 143.65. What we know.
|Performance after Wednesday|
|Week to-date||1.25%||177.699 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)
Fri 01:30 PM USD Producer Price Index excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Wednesday rose 0.22% to 143.65. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 143.94 with break above could target R2 at 144.22. While towards the downside, we are looking at daily low of 142.99 as an important support. Break below this level could weaken the current bullish momentum. A break above 143.75 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:
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