USDJPY on Thursday rose 0.15% to 150.36. What we know.
|Performance after Thursday|
|Week to-date||0.35%||53.1 Pips|
Upcoming key events (London Time)
Fri 12:30 AM JPY Tokyo CPI (Inflation Rate) (12-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
What happened lately
🇺🇸 U.S. Durable Goods Orders excluding Defense in September rose to 5.8% compared to previous figure -0.7% in August Census Bureau
🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q3 preliminary estimate exceed forecast and rose to 2.9% compared to previous figure 2.5% in Q2 Bureau of Economic Analysis
🇺🇸 In the week ending 21 October, U.S. Initial Unemployment Insurance Claims rose to 210K compared to previous figure 198K Department of Labor
🇺🇸 U.S. GDP Annualized in Q3 preliminary estimate exceed forecast and rose to 4.9% compared to previous figure 2.1% in Q2 Bureau of Economic Analysis
What can we expect from USDJPY today?
USDJPY on Thursday rose 0.15% to 150.36. 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 Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 150.82 with break above could target R2 at 151.27. While towards the downside, we are looking at daily low of 149.83 as an important support. Break below this level could weaken the current bullish momentum. A break above 150.78 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 0.35% over the past few days.
Key levels to watch out:
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