USDJPY on Tuesday rose 0.03% to 148.56. Pair in consolidation. What we know.

USDJPY Analysis

Performance after Tuesday
Tuesday0.03%3.8 Pips
Week to-date-0.48%-71.7 Pips
October-0.52%-77.3 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Producer Price Index (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.


What can we expect from USDJPY today?

USDJPY on Tuesday rose 0.03% to 148.56. 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 148.11 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 149.10 or trades above daily pivot 148.6. While to the downside, the daily low of 148.16 and 148.11 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 149.10 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 Pivot148.6

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Balance of Payments, August 2023 (Preliminary). Ministry of Finance

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