USDJPY on Monday dropped -0.56% to 148.44. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||-0.56%||-83.9 Pips|
Upcoming key events (London Time)
Wed 01:30 PM USD Producer Price Index (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
What can we expect from USDJPY today?
USDJPY on Monday dropped -0.56% to 148.44. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 148.13 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 149.22 or trades above daily pivot 148.68. While to the downside, the daily low of 148.37 and 148.13 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A close below 148.37 would indicate selling pressure.
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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