USDJPY on Tuesday rose 1.5% to 151.28. End October up by 1.31% or 195.5 pips higher. What we know.
USDJPY Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 1.5% | 223.8 Pips |  | ||
| Week to-date | 1.13% | 168.6 Pips | | ||
| October | 1.31% | 195.5 Pips |  | ||
Upcoming key events (London Time)
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 06:00 PM USD FOMC Monetary Policy Statement
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in August exceed forecast and dropped to 0.6% compared to previous figure 0.8% in July 🇺🇸 U.S. Employment Cost Index in Q3 exceed forecast and rose to 1.1% compared to previous figure 1% in Q2 
🇯🇵 Japan Bank of Japan Short-Term Policy Interest Rate unchanged at -0.1% compared to previous rate -0.1% Bank of Japan 🇯🇵 Japan Retail Trade seasonal adjustment (1-mth) in September below forecast and dropped to -0.1% compared to previous figure 0.1% in August METI 🇯🇵 Japan Unemployment Rate in September dropped to 2.6% compared to previous figure 2.7% in August Statistics Bureau of Japan
What can we expect from USDJPY today?
USDJPY on Tuesday rose 1.5% to 151.28. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for USDJPY looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 152.31 with break above could target R2 at 153.34. While towards the downside, we are looking at daily low of 149.08 as an important support. Break below this level could weaken the current bullish momentum. A break above 151.73 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 1.13% over the past few days.
USDJPY ended month of October trading session up by 1.31% or 195.5 pips higher.
Key levels to watch out:
| R3 | 154.96 |
| R2 | 153.34 |
| R1 | 152.31 |
| Daily Pivot | 150.7 |
| S1 | 149.67 |
| S2 | 148.05 |
| S3 | 147.02 |
You might be interested in:
Statement on Monetary Policy. Bank of Japan Consumer Confidence Survey. Cabinet Office Market Operation Measures following the Monetary Policy Decision Today. Bank of Japan Preliminary Report on Petroleum Statistics (September 2023). Ministry of Economy, Trade and Industry Preliminary Report on Current Survey of Production (September 2023). Ministry of Economy, Trade and Industry Preliminary Report on Indices of Industrial Production (September 2023). Ministry of Economy, Trade and Industry Preliminary Report on the Current Survey of Commerce (September 2023). Ministry of Economy, Trade and Industry
