USDJPY on Thursday rose 0.02% to 149.81. Pair in consolidation. What we know.
|Performance after Thursday|
|Week to-date||0.2%||30 Pips|
Upcoming key events (London Time)
Fri 01:00 AM USD President Joe Biden speech
What happened lately
🇺🇸 In the week ending 14 October, U.S. Initial Unemployment Insurance Claims dropped to 198K compared to previous figure 209K Department of Labor
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in October exceed forecast and improved to -9 points compared to previous figure -13.5 points in September
🇺🇸 U.S. Building Permits (1-mth) in September dropped to 1.475M compared to previous figure 1.541M (revised from 1.543M) Census Bureau
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.02% to 149.81. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for USDJPY looks mixed as the pair is likely to consolidate above 149.66 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 149.96 or trades above daily pivot 149.81. While to the downside, the daily low of 149.66 and 149.66 (S1) as immediate support levels. USDJPY need to break on either side to indicate a short-term bias. A break above 149.96 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:
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