USDJPY on Monday rose 0.38% to 145.48. What we know.

USDJPY Analysis

Performance after Monday
Monday0.38%55.4 Pips
Week to-date0.38%55.4 Pips
August2.27%323.4 Pips

Upcoming key events (London Time)

Tue 12:50 AM JPY GDP (3-mth)
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

USDJPY 4-hour Chart by TradingView

What can we expect from USDJPY today?

USDJPY on Monday rose 0.38% to 145.48. 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 Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 145.83 with break above could target R2 at 146.17. While towards the downside, we are looking at daily low of 144.65 as an important support. Break below this level could weaken the current bullish momentum. A break above 145.58 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 0.38% over the past few days.

Key levels to watch out:

Daily Pivot145.24

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