USDJPY on Thursday rose 0.46% to 149.76. What we know.
|Performance after Thursday|
|Week to-date||0.32%||48.2 Pips|
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 In the week ending 07 October, U.S. Initial Unemployment Insurance Claims rose to 209K compared to previous figure 207K Department of Labor
🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in September dropped to 4.1% compared to previous figure 4.3% in August Bureau of Labor Statistics
🇺🇸 U.S. Producer Price Index (12-mth) in September exceed forecast and rose to 2.2% compared to previous figure 2, revised from 1.6% in August
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.46% to 149.76. Price is above 9-Day EMA while Stochastic is rising.
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 150.07 with break above could target R2 at 150.39. While towards the downside, we are looking at daily low of 148.95 as an important support. Break below this level could weaken the current bullish momentum. A break above 149.83 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:
You might be interested in:
Machinery Orders. Cabinet Office
Minutes of the Federal Open Market Committee, September 19-20, 2023. Federal Reserve
Monthly Wholesale Trade: Sales and Inventories. Census Bureau
Balance of Payments, August 2023 (Preliminary). Ministry of Finance