USDJPY on Thursday rose 0.78% to 144.79. What we know.

USDJPY Analysis

Performance after Thursday
Thursday0.78%112.2 Pips
Week to-date2.18%308.5 Pips
August1.79%254.5 Pips

Upcoming key events (London Time)

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

🇺🇸 In the week ending 05 August, U.S. Initial Unemployment Insurance Claims rose to 248K compared to previous figure 227K Department of Labor

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Thursday rose 0.78% to 144.79. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

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

Looking ahead for the day, immediate upside resistance level is R1 at 145.34 with break above could target R2 at 145.88. While towards the downside, we are looking at daily low of 143.27 as an important support. Break below this level could weaken the current bullish momentum. A break above 144.85 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 2.18% over the past few days.

Key levels to watch out:

Daily Pivot144.31

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Trade Statistics (First 20 Days of July 2023 [Provisional]). Ministry of Finance

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